Buyer buying their next main residence but not replacing old main residence

 

Example:

Alan owns a dwelling that is his main residence. He is purchasing his next main residence, but rather than selling his previous main residence he will rent it out. At the end of the day that is the effective date of the transaction, Alan owns two dwellings and is not replacing a main residence (as he is not selling his previous main residence), and therefore the ADS will apply.

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