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When you sell a house you pay capital gains tax on your profits There's no exemption for senior citizens - they pay tax on the sale just like everyone else If the house is a personal home and you have lived there several years though you may be able to avoid paying tax.

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What is the Capital Gains Tax Property 6 Year Rule The capital gains tax property 6 year rule allows you to use your property investment as if it was your principal place of residence for a period of up to six years whilst you rent it out.

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