Capital Gains Tax Rate 2024 Home Sale Of Property

Capital Gains Tax Rate 2024 Home Sale Of Property. For married couples, the threshold is $583,750. For the purpose of determining the value, the bank may assume generally that the notification date is also the departure date.

Property (before 6 april 2024) 18%. The capital gains tax rate on the sale of a primary residence can be as high as 20 percent of the profit on a home owned for more than a year, and as high as 37 percent on one owned for a year or.