US EditionCapital gains tax: Another hit to homeowners
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5 Articles
Daily Breeze
Capital gains tax: Another hit to homeowners
Just when you think things couldn’t get worse for California’s beleaguered taxpayers, a new problem is beginning to emerge that will surprise many homeowners when they sell their primary residences. The problem is the result of both rapidly rising home values and the failure of our political leaders to enact inflation adjustments to the capital gains exclusion on the sale of homes. Let’s start with inflation. Inflation under the Biden presiden…
The idea of declaring stressed areas where citizens have more complicated access to housing does not work. Only the Basque Country and Catalonia have got on that train that runs along the rails of the Housing Law of 2023, so the government has decided to turn a nut. The proposal now goes by no longer waiting for those lines that the autonomous communities do not mark and link the bonuses to the leases whose price is reduced by 5%.
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