Discussion in 'Real Estate' started by paula0000, Feb 22, 2005.
I don't know if this is the right forum or not but can someone explain capital gains tasex to me?TIA
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
I believe that capital gains on real estate is a flat percentage rate.
Capital gains is the difference between what you purchased the property and what you sell it for minus improvements.
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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.
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