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How is capital gains tax calculated on sale of property?

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Take $100,000 x ½ (50% taxable) x 50% (rough tax rate on passive income) = $25,000. Next time when you are trying to estimate the amount of taxes you would owe when you sell a property, simply take the gain and multiply it by 25%. This will give you a really good idea of how much you would have to pay.
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