capital gains tax - Articles

Big Home Sales, Big Tax Savings

By Les Christie Sales of luxury homes spiked in the final months of 2012, as high-end homeowners rushed to take advantage of lower tax rates before Jan. 1. By selling their luxury homes before the end of 2012, these wealthy homeowners avoided two tax increases on Jan. 1 and a huge payout to the IRS. Not only were... Continue Reading »

Luxury Home Sales Soared in Final Months of 2012

By Les Christie Sales of luxury homes spiked in the final months of 2012 as high-end homeowners rushed to take advantage of lower tax rates before Jan. 1. Many sellers wanted to cash in on their homes before a widely expected capital gains hike -- to 20% from 15% -- that was part of the fiscal cliff budget deal.... Continue Reading »

An End to Bush-Era Tax Cuts Could Push High-End Properties Onto Market

Some well-heeled homeowners are reportedly scrambling to offload luxury properties by the end of the year or else risk having a serious bite taken out of their bottom lines. That's because if the Bush-era capital-gains tax cuts expire in January, as they are expected to, those homeowners would be shelling out a lot more on... Continue Reading »

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