Browse Forums Building A New House Re: Building and selling - Tax 10Jan 21, 2013 2:28 pm If it was your principle place of residence and you decide to rent it out and don't buy another house that becomes your principle place of residence you can rent the property out for 6 or 7 years, cant remember the exact number of years, before you have to pay capital gains the exemption applies only to your principal place of residence - so you must live in it. The 200 days is continuous. You also have to apply for the exemption. 2 13321 If it's your primary residence then there is no tax deductions to be made. 4 125352 You should be able to encase the sewer but you will need it designed and approved and access to lot 580 to do the work 2 17168 |