Personal property capital gain when there is a legal separation

[tsalmon1963]

Hi all, In regards to the capital gain on your personal residence when you sell it, does this apply when someone buys out an ex spouse?  I still live in the house and the mortgage is in my name only now.  This happened in 2019.  Pre June 2019, I lived in the house only and it had been like that for almost 2.5 years.  In June 2019, we got a legal separation, I got financing on my own and remortgaged the house and bought out my ex. 

I appreciate any advice you can give me.

Thank you.

[TurboTaxSusan]

When you go to sell the home, if it's been your principal residence the entire time you've owned it, and you have never rented any part of it out, then you shouldn't have to pay Capital Gains tax on the proceeds of the sale.