A Real Estate Triggered ‘Stimulus’ Idea
Edward Hugh (January 4th, 2009) Writes:
IEB reader Durgesh Prasad, sent in this idea, via email to some of the IEB contributors.
In today’s slow economy, where government is trying its best to keep the real estate market rolling and attracting investors to invest in real estate market in order to keep market live, I had an idea through which it can be achieved by government without loosing anything. Presently, the deciding period of differentiating a CAPITAL GAIN as Short term or Long term is 3 years period. If one sells his new house in less than 3 years and incurs profit, the gain is termed as Short term capital gain. And if he sells his new house after 3 years and incurs profit, the gain is termed as Long term capital gain. Now there is no way to avoid tax in short term capital gain, whereas there is way to save tax in long term capital
...Economics, India, India, indian economy, Real Estate, Real Estate Market, real estate market rolling;, United States, US Fed


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