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If the expense of the new asset procured is greater in comparison to the cash gains, then it is clear that there will be no money gains as your entire capital gains might be exempted. However, if the new property is offered in three several years, then price of the new home will be computed as follows:
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Repossess – The voluntary or forced surrender of things in the case of a client’s failure to pay for again a bank loan.
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Scenario 1: Price of the new residence acquired is fewer than the money gains computed about the sale of the original home.
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