Now, you own the home outright. Does that mean you don't owe capital gains tax? The answer to this question depends on the type of legal entity your business is operated through and how it is ...

Selling your home to downsize can make your retirement more financially stable, but if you have a profit on the sale you ...

We are getting different opinions as to whether capital gains will apply to the sale of her home. My mom owned the ... would have been simple maintenance. Second, the basis gets adjusted at ...

It’s possible to lower the capital gains tax you owe by taking advantage of available deductions, exemptions and exclusions. Naturally, when you sell your home you hope to make a nice profit.

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 ...

And based on the poll, Common Wealth say building more social housing and raising capital gains tax for second homes and buy-to-lets would enjoy broad public support. Mathew Lawrence, Common ...

The Liberal government's changes to the capital gains tax are now being challenged in ... make from selling an asset like a stock or a second home. The new rules increased the inclusion rate ...

Dear Liz: I have sold my family home recently after almost 50 years ... How do I document the improvements for the capital gains tax calculation? Answer: As you probably know, you can exclude ...

is available for computing all alternative long-term capital gains tax on the sale of immovable property acquired prior to 23 July 2024. Also Read: Rent, home loan, capital gains, losses ...