All Topics / Legal & Accounting / Main Residence Must Move In

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  • Profile photo of HouseofwealthHouseofwealth
    Join Date: 2018
    Post Count: 7

    Some taxpayers are of the opinion that the main residence exemption can be applied to properties that they intend to be their main residence.

    However a mere intention to occupy the property without actually doing so means the main residence exemption will not apply.

    So make sure you physically occupy the property before selling it as your main residence or you might find out later on CGT applies to the sale.

    Houseofwealth | HOUSE OF WEALTH
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