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  1. Mike

    confused about capital gains on PPOR

    Reply: 3.1.1.3.1.1 From: Mike . Hi Dale, Earlier, I said: As for the so-called 6 year rule...this only applies if you rent instead of buying a new home. In response, you said: Mike, I disagree. What you suggest is the norm perhaps, but not the only situation. You may still elect to use...
  2. Mike

    confused about capital gains on PPOR

    Reply: 3.1.1.3 From: Mike . Just read this thread and can't believe how everybody has muddied the waters. No one has mentioned the fact that when Tony buys a new place and moves into it, then the new place becomes the principal residence. Now Tony has two options: 1) Quickly sell the old...
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