Capital Gains Tax Rate 2024 On Home Sales. The capital gains tax rate on the sale of a primary residence can be as high as 20 percent of the profit on a home owned for more than a year, and as high as 37 percent on one owned for a year. The biggest question at tax time for someone who recently sold a home is whether theyโll have to pay federal capital gains taxes on the profit.
For the highest earners in the. For the 2024 to 2025 tax year the allowance is ยฃ3,000, which leaves ยฃ9,600 to pay tax on.
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