Renting a condo that you own (tax)
In the eyes of the law, it's like if you sold the condo at valueA, and when you decide to stop renting it and move back in, you acquire it back at valueB.
From what I understand, you will not have to pay any capital gain tax on valueA - initialValue but you will have to pay capital gain tax on FinalValue - valueB if you decide to sell it one day. Would that be correct?
My big issue is how do you determine valueA and valueB?