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April 3, 2021

Sale Of Property

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The check relies on precise use of the property and not only a person’s intention to make use of the property as a primary home. Therefore, if a house is used only partly as a main house, the exemption does not apply. Where a major house is held in a belief, the exemption is usually obtainable. However, additional data is required to make sure trusts aren’t used to keep away from tax. The rule doesn’t apply to your main residence; it implies that you do not have to pay tax […]

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