Capital Gains Tax Rate 2024 Selling Home Sale. The brightline test is a capital gains tax for properties bought and sold within a certain time frame (two years currently). Short term capital gains (holding period <= 2 years):

In simple terms, this capital gains tax exclusion enables homeowners who meet specific requirements to exclude up to $250,000 (or up to $500,000 for married couples filing jointly) of capital. In india, the long term capital gains (ltcg) tax rate on the profit earned from.