Real Estate Sales Tax?
September 23rd, 2010
Share
Lots of hype about a real estate sales tax that the Obama Administration passed. The short of it is that a seller only pays this 3.8% sales tax on profit from the sale of their home if the sales profit is OVER the accepted capital gains tax threshold of $250,000 profit for an individual or $500,0000 profit for a couple. No need to live in that home that you don't like forever!
To post a comment on this blog post, you must be an HAR Account subscriber, or a member of HAR. If you are an HAR Account subscriber or a member of HAR, please click
here to login. If you would like to create an HAR Account account, please click
here.
Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®
Menu
