Capital Gains Tax / Primary Residence

By Marc Sevitz · Updated

Gert

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.