Proposed California Bill Would Tax Nearly All Residences Sold Within 7 Years of Purchase: Take Action Now!
Published by the American Association of Private Lenders | March 15, 2o22 California AB 1771 will charge an additional 25% capital gains tax on almost EVERY RESIDENTIAL PROPERTY sold within 3 years of purchase. The additional tax would decline in annual increments until the property has been owned for more than seven years. Legislators proposed AB …