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But there are other factors like tax. In the UK for example you generally won't need to pay capital gains tax when selling your main home...
by sgroppino 8y ago
But there are other factors like tax. In the UK for example you generally won't need to pay capital gains tax when selling your main home...
- fjsolwmv 8y agoIta the same in the US, except for windfall gains over $250K/person (x2 for married couples), a vanishingly small fraction of inventory.
- jimnotgym 8y ago... and even as your second home capital gains is taxed at a lower rate than income. Plus it can be deferred until you die! If your estate is big enough to be worth it you can form a trust and defer it forever. That unpaid tax flows straight back into the housing market.