Is it one year or 3 years - clarify please

[jefferson1]

If you buy a property and want to sell it for profit, how much time you need to Iive in the house ?

[Biskot2]

1 year

[Hitman]

21 minutes ago, jefferson1 said:

If you buy a property and want to sell it for profit, how much time you need to Iive in the house ?

ee country rule idi? 

[jefferson1]

6 minutes ago, Hitman said:

ee country rule idi? 

US lo 

if you get profit you don’t need to pay tax on that money 

[Hitman]

1 minute ago, jefferson1 said:

US lo 

if you get profit you don’t need to pay tax on that money 

oh Ok, yes to get tax evading...

[jefferson1]

9 minutes ago, Hitman said:

oh Ok, yes to get tax evading...

Kind of ..

[Amrita]

1 hour ago, jefferson1 said:

If you buy a property and want to sell it for profit, how much time you need to Iive in the house ?

1 year for single family to rent or sell.

Townhome ki you dont have restriction to rent and i think same case to sell.

Calling @Kalam_Youtheman for confirmation. 

[Kalam_Youtheman]

it all depends on the builder and the community.. some builders put restrictions like 1 year nuvvu cheppinattu...

[AndhraneedSCS]

1 hour ago, jefferson1 said:

If you buy a property and want to sell it for profit, how much time you need to Iive in the house ?

Until the price of the home appreciates so that you can make a profit 

[AndhraneedSCS]

1 hour ago, jefferson1 said:

US lo 

if you get profit you don’t need to pay tax on that money 

if you stay in that house for 2 years, then you dont have to pay taxes on profit of up to 500K or so