Bright-line Test

If you buy and sell a residential property within two years, the profit is taxed.
This is to discourage houses being traded like poker chips, sending costs soaring as investors gamble on prices continuing to climb.
Example:
If you flip houses for profit, the bright-line test says: “Pay tax like everyone else”.
Unfortunately, two years isn’t long to wait. And once the deadline passes, speculators profit from house sales totally tax-free. See also: Property Speculation.
Meanwhile, the rest of us spent those two years working for taxed wages….