Kyles777
New Member

Capital Gains on Principal Residence

My wife and I built a home 3 years ago which was our principal residence and we sold it a year after due to it being a bit to small for our liking. We moved in with our in-laws and built a new home which we moved into a few months ago which is now our principal residence. We sort of settled on the property as there wasn’t much around and we don’t want it to be our forever home so I’d just like to know how long we should keep this home before selling in order to be certain we won’t pay capital gains. If a property comes up that we absolutely love I just don’t want to miss out on it so I am just curious what I should do.