As our team comprehend the rule, if we will market our existing home today, and also acquire the home upcoming door for $960,000, at that point in 15 years our team would certainly be able to sell that property for at minimum $1.460 million without having to pay for any type of taxes on the gain. Under the roll-over rules, although you paid out $300,000 for the property, you put off $100,000 really worth of earnings, as well as hence for tax functions the manner of this brand-new property was actually $200,000. At the 15 percent government tax obligation rate, you are going to be obligated to pay Uncle Sam $30,000, as well as will certainly also possess to pay for state tax at whatever rate the condition imposes.Search Terms:Choose Hughes, herndon20171, vanorthern, herndon20170.com,gift thongpia, gift Hughes, glenn Hughes, buysellrealestatepro, homes for sale virginia, #1 rule for selling a house, northern virginia real estate, NOVA real estate
