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Capital Gains Tax / Primary Residence

Posted 6 January 2016

Gert said:
5 January 2016 at 14:29

I would like to sell a rental property of mine. How long do I have to go an stay in the rental property, before it can be classified as a primary residence with regard to Capital Gains Tax?

TaxTim Marc TaxTim Marc said:
6 January 2016 at 7:48

Regardless of how long you live in the property, you would still have to apportion the gain for the time you spent living in it vs renting it out.

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