In most cases, when you sell a house, you owe long-term capital gains tax ... liability but losing the capital gains exemption. Before you purchase a property through your business, or purchase ...

Whether you’re selling shares or a family property, knowing how capital gains tax works can help you keep more of your ...

Eventually, when you dispose of the property, either voluntarily ... $500,000 is tax-free and $20,000 is taxed at long-term capital gains rates. Selling a primary home where you claimed a home ...

Capital gains taxes are taxes levied on the profit from selling an asset for an amount greater than its purchase price. These taxes are categorized into short-term or long-term based on the asset ...

Because the couple has owned and lived in the home for at least two out of the last five years, long-term capital gains tax rates will apply. The tax bill for the sale alone would be $50,000 at 15 ...

The new residential property must be acquired within two years from the date of sale of the under-construction property.

Another key to minimizing the amount you pay in capital gains taxes is investing for the long term. When you "sell positions that are at least a year old," you will "pay the more favorable long ...

The NRI seller of the property located in India is always faced with intricate issues concerning his tax planning, TDS obligations, as well as the requirements of the FEMA. It is also important to ...

If you are a home owner or real estate investor, it’s important to understand how capital gains tax works on property before you sell ... learn how long each stage of buying a house takes ...

If you buy and sell ... you have capital losses in some other investment, such as stocks, you can use those losses to offset the gains on your home. However, you can offset long-term gains with ...

Do you have income tax-related queries? Please ask your questions HERE and rediffGURU T S Khurana, a fellow member of The Institute of Cost Accountants of India, will answer them. Illustration ...