The impact of capital gains tax exemption on housing sales

Shakil Quayes

Applied Economics Letters, 2010, vol. 17, issue 3, 213-216

Abstract: The Taxpayer Relief Act (TRA), enacted in 1997, allows tax exemption of capital gains up to $500 000 for married couples filing jointly and $250 000 for singles, on the sale of primary residence. By making it easier to sell a house that has appreciated in price, this tax exemption provides an additional incentive for purchasing a house. The study utilizes a simple regression model to demonstrate that TRA has had a statistically significant positive impact on housing sales.

Date: 2010
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DOI: 10.1080/13504850701720205

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