Précis: The taxpayer took closed the purchase of a condo on October 30, 2009, listed it for sale on December 19, 2009 and closed the sale on January 12, 2010. The taxpayer claimed that he and his family took possession of the condo on May 11, 2009 and lived there until it was sold. The Court examined a number of factors, including evidence that seemed to suggest there was no electrical consumption at the condo from July 1, 2009 to December 31, 2009 (or, if there was, someone else paid the bill). On balance the taxpayer did not satisfy the Court that the condo was ever occupied by him or his family as a principal residence and the appeal was dismissed.
Feizmohammadi v. R. - TCC: Condo held for 75 days not a principal residenceREAD MORE »