The 5-year rule in real estate refers to the capital gains tax exemption available to homeowners who have lived in their primary residence for at least five consecutive years. In many countries, including the United States, individuals can exclude up to a certain amount of capital gains from the sale of their home if they meet this residency requirement. This rule aims to encourage home ownership and stability. Homeowners looking to maximize their tax benefits often plan their property transactions around this timeline. It’s essential to consult with a tax professional to understand the specific regulations and exemptions applicable to your situation. #RealEstate #CapitalGainsTax #Homeownership #TaxExemption #PropertyInvestment
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