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To avoid capital gains tax you will have to prove that it has been your primary residence for the past 5 years. The requirements to do this will be very similar to Canada and the US. There is more to it than an fm3. The small savings on notary fees up front (by declaring a lower purchase price) is not worth the tax that you will very likely have to pay when you sell. It is common practice and a common sticking point on re-sales, when people realize they are getting hit with a significant tax deduction from the sale proceeds made by the Notario at closing.
The time to get the value right is now while you are getting title. Another issue is none of the builder/developers are offering people a discounted purchase price for assisting them in avoiding their taxes. (Is it just the season or did I just go off on taxation again...lol)
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