{"Term":"Bright-line test","Definition":"\u003cp\u003eThe bright-line test means you\u0027ll pay tax on the profit made on the sale of residential property when it is sold within a certain timeframe, unless an exclusion or rollover relief applies.\u003c/p\u003e\n\u003cp\u003e\u003ca href=\"/property/buying-and-selling/when-you-need-to-pay/the-brightline-test\" class=\"quick-links-topic\"\u003eThe bright-line test\u003c/a\u003e\u003c/p\u003e","TeReoTerm":"","TeReoDefinition":""}