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Updated about 8 years ago,
Avoiding capital gains tax on a short term rental
Hi all.
I purchased a property recently with an investment loan, rehabbed it and let it out under a 1-year contract while I live in rented accommodation. I'd like to sell it soon after the contract is up and want to avoid capital gains tax. Could I live in it as my primary residence to achieve this and if so, how long do I have to do this before I can sell?
Many thanks, K