Changes have been made to the existing brightline tax. If you buy a property (not a family home) and then sell within two years, currently you must pay tax on the profit. This time frame has been extended to five years for any property bought after the law is in place. This will happen around mid March.
What’s ahead for your numbers? Lets time skip ahead
Where does it all go? Many of my clients sit in this boat and so we have fine tuned some tools to attend to something
