Capital Gains...

Discussion in 'Real Estate' started by paula0000, Feb 22, 2005.

  1. paula0000

    paula0000 Member Original Member

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    I don't know if this is the right forum or not but can someone explain capital gains tasex to me?TIA
     
  2. paula0000

    paula0000 Member Original Member

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    I don't see an answer so I'm thinking this is another Canadian term. Well, if anyone Canadian lurks by, maye they can explain? THanks
     
  3. wallace6

    wallace6 Member Original Member

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    Capital Gains

    I believe that capital gains on real estate is a flat percentage rate.
     
  4. wallace6

    wallace6 Member Original Member

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    Capital Gains

    Capital gains is the difference between what you purchased the property and what you sell it for minus improvements.
     
  5. marypeterson

    marypeterson New Member Original Member

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  6. haddoxerik

    haddoxerik New Member Original Member

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    A capital gain is a profit that results from investments into a capital asset, such as stocks, bonds or real estate, which exceeds the purchase price. It is the difference between a higher selling price and a lower purchase price, resulting in a financial gain for the investor.