If you’re considering selling your upper end home, you might want to consider getting it on the market now and closing the deal before the end of 2012. There are a couple very important tax changes looming just around the corner. The new 3.8% tax starts January 1, 2013 and could affect your bottom line in certain situations. For more information, please read the following article and also check out my brochure on the tax by clicking on the “Brochure” link above. Also, the Bush era capital gains tax cuts are set to expire in January 2013.
- Coming Soon: More Luxury Homes on the Market? (thestreet.com)