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Where Taxpayers and Advisers Meet

Second Home

Furness
Posts:1
Joined:Sun Sep 22, 2019 4:28 pm
Second Home

Postby Furness » Sun Sep 22, 2019 4:37 pm

We have owned a second home for the past 6 years on the coast and now thinking of selling our main residence and moving to the second home permanently. We would then only own one home. What would be the tax implications on such a transaction? Thank you.

bd6759
Posts:4267
Joined:Sat Feb 01, 2014 3:26 pm

Re: Second Home

Postby bd6759 » Mon Sep 23, 2019 9:55 am

No tax consequences on selling your main home.


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