Effective long-term capital gains tax rates under the Revenue Reconciliation Act of 1990.
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.
Language
en_US
Publisher
American Institute of Real Estate Appraisers
Recommended Citation
Johnson, L. L., & Fellows, J. A. (1993). Effective long-term capital gains tax rates under the Revenue Reconciliation Act of 1990. Appraisal Journal, 61(1), 79-89.
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.
Comments
Abstract only. Full-text article is available only through licensed access provided by the publisher. Published in Appraisal Journal, 61(1), 79-89.