Capital Gains Tax on Property?

Answer

Capital Gains Tax on property is 18%. It is charged on any property that you own and you can sell it, give it away as a gift or get compensated by insurance. It is charged on the gain you make from selling the property.
Q&A Related to "Capital Gains Tax on Property?"
The current long term capital gains tax is a flat rate of 15% for most people. If you are the income tax bracket of 15% or lower, you do not have to pay any long term capital gains
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1. Think before buying. If you have not bought the investment property, it pays to think through the ownership, income and tax implications. You should evaluate income from rental
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According to current figures as of April 2008 the following data applies. Capital gain taxes are based in large part on your ordinary tax rate. Ordinary tax rate 10% long term capital
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1. Use a like-kind exchange on property worth more than the depreciated value. If you sell property for more than the depreciated value, you will pay capital gains tax on the difference
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