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Kamila [148]
3 years ago
13

What is the difference between a capital gains tax and a property tax?

History
1 answer:
Dahasolnce [82]3 years ago
7 0

Answer:

Let me do a little more research and I’ll come back with your answer:)

Explanation:

If it is held for more than one year, then it qualifies as a long-term capital gain or loss. Long-term capital gains are usually taxed at a lower rate. Any capital gain you make on a short-term property is taxed at your regular income tax rate.

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