• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

Are you required to pay capital gain on the sale of property if buying a house?

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

S

sthompso

Guest
i live in georgia. i own property (raw land) and a home. i would like to sale the home and the property and purchase a single family home. are capital gains taxes required on the gain from the sale of the land?
 


L

loku

Guest
If the land is separate from your home, then you would be liable for capital gains tax on the sale of the land.
 

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential
data-ad-format="auto">
Top