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What is capital gains tax on real estate?
by Answerbag Staff on May 4th, 2010
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A UK widow signs over her home to her three children. Six years on she gives her consent for the children to sell it. Could they be liable to CGT?
by Hainbest on June 4th, 2009
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My mom owned 10 acres since 1948, paid $2500 in '48, was sold '08 for $1.25 million. Does she get a break from or for capital gains since she is over 65 and lived there for so long. or just the $250,000
by rgmcouch on February 10th, 2009
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My wife and I bought a home in may 08 for $38,500 anticipating to move into the home when our current house sold however we have an offer of $80,000 for that home 5 months later what is our tax liability?
by gerald on October 23rd, 2008
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I recently sold an investment property and want to purchase another home for retirement in another country while keeping my current residence will I be required to pay capital gains tax on the profit of the investment property if so what percentage?
by crossi on January 23rd, 2009
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You're reading We own a home that we have not lived in for 26 months but have had some friends staying in it and paying the mortgage. We are in missions and our housing is provided so our house is our only property. Will we still get hit with capital gains tax?
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