No, you will not, I am afraid. From January 20, 2006 there is no exemption from capital gains tax for property sellers. Those long-term proprietors who bought before 1986 had privileges of reduction which reduced their tax to zero after 10 years. At the present, however, they must pay capital gains tax on the part of their profit calculated since January 20, 2006. Therefore, all sellers of property can now apply only a coefficient of reduction that approximately matches the inflation rate, but then again no matter how long you have owned your property, you will certainly have capital gains tax to declare when you sell it.
