ACCOUNT_FIRST_NAME ACCOUNT_LAST_NAME

ACCOUNT_ADDRESS_SINGLE_LINE

To the [Commissioner of Taxation] / [Tax Office] / [Tax Bureau] / [Inland Revenue Department], 

[Address]

Attention: FIRST LAST

27 November 2024

Dear [TItle] LAST, 

Re : Request for Tax Exemption of Self-use Property at [Address] 

I refer to the letter dated [date] to enquire about the captioned disposal of property and would like to provide some clarifications.

This property was acquired with the intention for self-use [STATE ORIGINAL INTENTION OF PURCHASE - as I was planning to get married within this year.  However, due to unforeseeable events after I signed the temporary S&P agreement, the engagement was cancelled. Since then, I don't see the need to move into the new location (which is more suitable for newly wedded with a plan to have 1-2 children within the next 5 years). As it is uncertain when such an opportunity will arise, rather than stepping into a long term financial commitment right now, I would prefer to stay flexible.]  

I trust that you would agree the intention of acquiring the property in the first place was for long term self-use and never was for a profit-seeking motive.  Therefore, any gain realised from the disposal of the property should be regarded as capital in nature and not subject to tax.

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