Property Tax Nerds

Demolish Main Residence , Build Two Townhouses and Sell

May 01, 2022 Michael Armstrong
Demolish Main Residence , Build Two Townhouses and Sell
Property Tax Nerds
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Property Tax Nerds
Demolish Main Residence , Build Two Townhouses and Sell
May 01, 2022
Michael Armstrong

What are the tax implications of demolishing your main residence, building two townhouses and selling both ?

Is it tax free ?  But wait it was my main residence ?  Are there any strategies to minimise any potential adverse tax outcomes ?

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What are the tax implications of demolishing your main residence, building two townhouses and selling both ?

Is it tax free ?  But wait it was my main residence ?  Are there any strategies to minimise any potential adverse tax outcomes ?