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Main residence before purchased house

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Kellyr | 08 Nov 2018, 06:40 AM Agree 0
Hi,
My husband and I recently purchased a home, my parents were the owners of the home since 1980 and we brought it off them 2018. We have lived in the house since 2013 and paid rent . We are now wanting to move elsewhere but because my parents sold us the house at a cheaper price then it’s value we will now be making a profit . Do we still need to pay capital gains tax if it was our main residence before owning it?
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