Capital Gains Tax Rate 2024 Real Estate Sale. Capital gains tax is the income tax you pay on gains from selling capital assets—including real estate. 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.

You will owe capital gains taxes on the net profit from the sale, but you will also owe gains on the cumulative depreciation benefits you have received while you. Real property gains tax (rpgt) rates.