What taxes do I pay when I sell?
When you sell, the gain (sale price minus inflation-adjusted cost) is subject to capital gains tax. The 3% transfer tax is normally paid by the buyer. Keep all purchase and improvement invoices, as they help support your cost basis.
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These answers are for guidance only and do not replace advice from a lawyer, accountant or immigration adviser. Laws, rates and amounts can change: confirm each case before signing or paying.
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