Current legislation creates several cost obstacles for parties seeking to purchase residential property together. One group of buyers that may be very much affected are married couples and families seeking to jointly purchase property. The reality is that for as long as such rules are in place, the practical approach by couples and families may prevail, in that, they may try to see how they can navigate the rules and hold their real estate with whatever tax savings; and to be less sentimental about what a matrimonial home and family home represents.
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