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Unrecaptured Section gains on Section real property. If you have a question about this topic you can contact the Citizens Information Phone Service on 07 Monday to Friday, 9am to 8pm. Therefore, it usually makes sense from a tax standpoint to try to hold onto taxable assets for at least one year, if possible. It is possible to reduce your capital gains tax on the sale of a rental property if you plan ahead�for example, by establishing it as your primary residence for at least two years prior to any sale.
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