My understanding is that you will need to live there 2 out of the last five years when you sell to avoid capital gains taxes. But with your own personal situation it will be good to consult with your accountant for the best advice on how to move forward.
If you are looking to avoid capital gain taxes, you would need to live in the property 2 of the last 5 years, so 2 years. If you live in the property you are an owner occupied. If you have any more questions or would like a market analysis on the property just email me and I would be more than glad to assist you in your needs. Lynelle Clausen
In the last 5 year you must live in it for 2 years. ( I assume you are asking that to avoid capital gain taxes?) If you want to sell it and you are living in it then you are an owner occuppied. Let me know if I can assist you any other real estate questions? Would you like a market analysis on your home? You can contact me by my email. Thank you and good luck. Lynelle Clausen