If I make an improvement to my replacement home within two years of purchase, can I get additional tax relief for the new construction?

Yes, as long as the total amount of your purchase and the new construction does not exceed the market value of the original property at the time of its sale.

Show All Answers

1. What are the detailed requirements for Proposition 110 exclusion?
2. How many times can I apply for this exclusion?
3. If I qualify for Proposition 110 benefits, do I still need to file for a Homeowners' Exemption on the replacement property?
4. What tax relief is available for homes modified to improve accessibility?
5. If I make an improvement to my replacement home within two years of purchase, can I get additional tax relief for the new construction?