Featured Q&A from Welch LLP
Do I have to pay income tax on the sale of my primary residence?
FCPA, FCA, Partner/Director of Tax Services
As of right now, the simple answer is no. Due to the COVID-19 Pandemic, there is the possibility that this could change in the future. My thinking here is not the complete elimination of the tax free gain, but perhaps putting a cap on the tax free portion.
