Real Estate Capital Gains Law?

If you are selling your home, you should find out how the real estate capital gains law will affect you. Also referred to as the Tax Relief Law, it allows personal homeowners to sell their property without having to pay tax on the difference in gain from selling the house. For example if you purchased your home for $300,000 and you are now selling it for $400,000, then you would not need to pay tax on the difference (profit) of $100,000. For more information, check with your state’s laws.