What is capital gains tax?

No, really, what is this? If you are looking to sell your house quickly then you will also need to think about capital gains tax. If you’ve bought the property as an investment and are looking to make a profit, then you’ll need to factor this into your budget. You will not be taxed on the amount of money you receive from the sale but on the profit, you make from it. When most of us buy a house, it remains our primary residence, so generally we are exempt from capital gains tax and the issue never comes to light.

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