I think there was a change – Piggington's Econo-Almanac

October 26, 2008 at 12:42 PM #293541

Participant

I think there was a change that makes you pay tax on the sale of a RE property if it was an investment property for any period of time. The tax is proportional to the duration of the period it was an investment property. Before, you could keep a rental property for 10 years, move in, live in it 2 years as a primary residence, and then sell with no tax consequences. I may be wrong.