If you decided to sell your house to simply life, lock in gains, downsize, or relocate for a job, this article will help you minimize your tax bill. According to the IRS, most home sellers do not incur capital gains due to the $250,000 and $500,000 exclusion for single and married couples.

Widows, Do You Have to Pay a Capital Gains Tax If You Sell Your House After the Death of Your Spouse? September 27, 2016 • By Ginita Wall, CPA, CFP®

If you sell your home, you may exclude up to $250,000 of your capital gain from tax -- or up to $500,000 for married couples.

BREAKING DOWN 'Capital Gains Tax' Most countries' tax laws provide for some form of capital gains taxes on investors' gains, although laws vary from country to country. In Canada, for example, residents pay half of their marginal tax rate on capital gains. In the United States, individuals and ...

11 Strategies To Minimise Your Capital Gains Tax. Capital gains tax (CGT) is the tax charged on the gain you make from selling an asset e.g. real estate, which you acquired after 20 September 1985.

In the United States of America, individuals and corporations pay U.S. federal income tax on the net total of all their capital gains.The tax rate depends on both the investor's tax bracket and the amount of time the investment was held.

Of all the questions MoneySense receives (and we get a lot), the most popular is “How can I avoid capital gains taxes?” No wonder: capital gains taxes can take a big bite out of your wealth.

Capital gains tax is a tax levied on the profits you make when you sell or transfer assets like shares, rental properties, or even a stake in your own company. Like a fly in your soup on your birthday, paying capital gains tax can really spoil the fun of making money. Unlike inheritance tax, which ...

Taking a loss can pay off at tax-filing time, as long as you sell by the end of the tax year.

Note: This guide to avoiding capital gains tax in the UK was updated in June 2011. US readers might check out Mike’s tax site. Most people won’t ever need to consider avoiding capital gains tax, because they’ll never be liable to pay it. Your home and car are exempt from UK capital gains tax ...