Tag Archives: property

The brilliant-line test was initially brought in as a less complicated method of making use of an income tax on speculators flipping properties. If you meet the above criteria, you’re eligible for the “primary residence exclusion” underneath the intense-line take a look at. If you’re the trustee of a belief and the property is used as a residence by one of the beneficiaries of the belief, the main house exclusion can be applied when the property is bought. “The bright-line interval for properties bought “off the plans”, where the title […]