How Many Year's Can You Get a Home Loan for?
Interestingly, one approach nobody has suggested is for you to legally transfer the $54 debt onto your son’s family, since in fact it is now HIS debt. For instance, he could take an equity line on his house (if he has one) and use it to pay down your debt]
How long do you have to live in a house to avoid capital gains tax?
To get around the capital gains tax, you need to live in your primary residence at least two of the five years before you sell it. Note that this does not mean you have to own the property for a minimum of 5 years, however. Once you’ve lived in the property for at least 2 years, you’d reach capital gains tax exemption.
