My partner ended up being gifted her parents’ bungalow about 19 years back. They have been now dead and she actually is considering offering the house.

We’ve never resided with it but family unit members have. We now have never charged any lease to allow them to live here. Nevertheless, its now empty.

You want to learn exactly how we can mitigate money gains income tax. We might give consideration to located in the house and dealing with it as our residence that is main but very long would we must live here (called ‘flipping’)?

Would it not be an option for my partner to present the home for me after which it is sold by me straight away?

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