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  • Re: Flipping in Rio - Tax Implications
      • (Login Bluster2000)
      Forum Owner
      Posted Aug 19, 2007 10:15 AM

      Well, not actually exempt, it is more correct to say the tax payment is deferred. You can apply for this deferral once every five years and the properties sold and purchased have to be residential.

      Thank you for reminding.
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