"Construction project with a 'special' initial situation"

A small tip:
Any potential profit (difference between house purchase (2010) and house sale in the townhouse) is subject to income tax as a speculative transaction.

No, in my case not, because it has been exclusively and continuously owner-occupied.


...from Eiphone

Then just sell. And right now! Then you won't have any stress and can build comfortably - you are looking for a safe option after all.

Then just sell. And do it now! Then you won’t have any stress and can build comfortably – you’re looking for a safe option after all.

Yes, that’s what I want. But it assumes I find someone who buys, pays, and only moves in a year or later. Or bridge financing. But I don’t really get how it all works in practice. ...from Eiphone

So you do have your options. And they have already been explained in 70 posts ...

No, not in my case, because it is exclusively and continuously owner-occupied.

oops you are right ..... my income tax knowledge has become somewhat outdated by now. I had forgotten the exception from taxation.

With that you have your options. And they have already been explained in 70 posts ...

Yes, but somehow I still lack understanding of the practical process. And ideally, I would like to have money from the bridging finance in my hands to be able to act just as if it came from my own account.

One is simply totally "clueless" about these financial things if one doesn’t deal with them every day.


...from Eiphone