Incredible Tax On House Sale Gain References. The capital gains tax rate on the gain on sale of a home you've owned for more than a year can range from 0% to 20%, but most taxpayers pay 15% based on their taxable income. When you sell property, the profits earned are known as capital gains.
If you have been holding the property for more. As a reminder, capital gains are your profits from selling your home—whatever cash is left after paying off your expenses, plus any outstanding mortgage debt. When you sell property, the profits earned are known as capital gains.
