Sentences with phrase «subsequently as an investment property»

The subject property must have been held, used and treated first as your primary residence and subsequently as an investment property or used in your trade or business.

Not exact matches

The appellant, Canada Investment Corporation, subsequently acquired an assignment of the first mortgage on the Property, which it assigned to Fenfam Holdings Inc on the same date as security for a loan.

The sale of real property that was originally purchased by you as investment property, was NOT part of a prior 1031 exchange transaction, and was subsequently converted into your primary residence will qualify for 121 exclusion treatment.