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There is also a capital gains penalty (15% of net gain) when you sell an investment property.
by hyperbovine 10y ago
There is also a capital gains penalty (15% of net gain) when you sell an investment property.
- kspaans 10y agoYou pay capital gains tax on all capital assets you sell, with the notable exception of your primary residence. There is no reason to call it a "penalty".
- hyperbovine 10y agoYou can exclude the tax under certain ownership conditions even if it is not your primary residence. Tomāto tomăto.