Selling a residence

[Asun]

Hello all,

Is selling a residence considered as an income (hence taxable)? I know that if that's your residence, then you don't pay the capital gain tax, but is the profit/selling price considered as income?

Thanks all.

[Kai Viti]

If it's your primary residence, no Capital Gains tax applicable.
Capital gains means increase in realized value since you bought it.