Question:

Can I resell my property and is there capital gains tax?

by Guest794  |  11 years ago

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Can I resell my property and is there capital gains tax?

 Tags: Capital, gains, property, resell, tax

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  1. Guest795

     There are no restrictions regarding resale of your property. If the sale price of the property is greater than the original purchase cost, tax will be assessed against only half of the capital gain. Capital gains tax is not applied to the sale of a home used as a primary residence. 

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