What happens when you sell your family home
Buying and selling a family/private home usually has no tax consequence.
However some people are buying a family home intending to resell it, and some are doing this on a regular basis as a way of earning income.
If you have a regular pattern of buying and selling your family home, this may also be considered property speculation or dealing for tax purposes.
Go to Mistaking property dealing for property investment
Date published: 30 Jul 2010
Back to top