Capital beneficial properties tax is the revenue tax you pay on beneficial properties from promoting capital belongings—together with actual property. So if in case you have offered or are promoting a home, what does this imply for you?
Should you promote your property for greater than what you paid for it, that is excellent news. The draw back, nonetheless, is that you just most likely have a capital achieve. And you could have to pay taxes in your capital achieve within the type of capital beneficial properties tax.