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If your home is accidentally destroyed and you then dispose of the vacant land on which it was built, you can choose to treat the disposal of the land as a disposal f your main residence.
If you make this choice, the land is subject to the main residence exemption from the time your home was destroyed until you dispose of it. During this period you cannot claim the main residence exemption for any other dwelling unless the exemption described in Moving from one main residence to another applies.
Last modified: 18 Sep 2009QC 18323