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Apr 25, 2018 1:37 pm
Once you are separated with your wife and transferred your matrimonial house to wife then how long you have to wait or eligible to buy another house as principal residence? I'd like to know after separation if I buy another house for living, Can I show my residence as principal residence and any gain on that is taxable? Thanks in advance.
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Apr 26, 2018 7:46 pm
Hi Smith, once you have separated and transferred your matrimonial home to your ex-wife, you can immediately purchase a principal residence. There is no waiting period.