If two investors bought a rental property at the peak of the boom, both in the same estate and both valued the same, could they now sell their properties to each other?
This would crystalise a significant loss to be carried forward for CGT purposes. Their bought/swapped house would also be exempt from CGT for 7 years. There would obviously be the legal costs and mortgage considerations but it may be a prudent move.
Edit: Maybe this should have been in the property investment board (although the CGT is relevant to most types of investment). Feel free to move if necessary.
This would crystalise a significant loss to be carried forward for CGT purposes. Their bought/swapped house would also be exempt from CGT for 7 years. There would obviously be the legal costs and mortgage considerations but it may be a prudent move.
Edit: Maybe this should have been in the property investment board (although the CGT is relevant to most types of investment). Feel free to move if necessary.