don�t have to pay taxes on the gain of your home if you?
June 26th, 2020
“You don�t have to pay taxes on the gain of your home if you purchase another, more expensive house”
what exactly does this mean?
As every country has different tax laws it would be impossible to answer this question unless we knew what country you lived in. It could also depend on your earnings, and how much money you had in savings, or whether you intend to live in the house or rent it out. It could also depend whether you owe money on the first house, and how much you intend to borrow to buy the second house. Your best bet is to phone your local Tax office and ask them.