Title

Effective long-term capital gains tax rates under the Revenue Reconciliation Act of 1990.

SelectedWorks Author Profiles:

James A. Fellows

Document Type

Article

Publication Date

1993

Date Issued

January 1993

Date Available

December 2013

ISSN

0003-7087

Abstract

Investment activity in both residential and commercial sectors of real estate is heavily influenced by tax law provisions. While preferential provisions still remain, the traditional stimulus provided to the real estate industry through preferential tax treatment of long-term capital gains was eliminated by the Tax Reform Act of 1986. More recently, the Revenue Reconciliation Act of 1990 reduced the maximum tax rate on long-term capital gains income. Although the 1990 tax act seemingly represents at least a partial reintroduction of more favorable tax treatment of long-term capital gains, the effective tax is higher than the new nominal maximum rate as a result of interactive provisions contained elsewhere in the act.

Comments

Abstract only. Full-text article is available only through licensed access provided by the publisher. Published in Appraisal Journal, 61(1), 79-89.

Language

en_US

Publisher

American Institute of Real Estate Appraisers

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

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