India, Dec. 4 -- The BFH delivered a ruling on Sept. 3, 2019 facilitating the sale of owner-occupied accommodation that has been rented out for a short time (Az.: IX R 10/19).
If a property is sold before the end of the ten-year speculation period, tax must be paid on any increase in value. However, the situation is different for owner-occupied accommodation: no tax is due even after a short period of occupancy if the property was personally occupied by the owner from the time it was acquired to its eventual sale, or if it was used as a private residence in the year it was sold and the two years preceding that year.
The BFH recently ruled that this tax relief also applies if the property was briefly rented out during this time. The plaint...