If you live in a residence for 5+ years and then r...
New Member

If you live in a residence for 5+ years and then rent it for 6 years do you claim the sale of the residence as revenue property sale or a principal residence sale?

 
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Level 1

Investors and rental owners

If you are renting out the property then it can no longer be your principal residence.......

Therefore when you dispose of the rental, you will be selling a revenue property, presumably for a taxable Capital gain.

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