Conversely, if you sell after owning for less than a year, the profit is a short-term capital gain, taxed as ordinary income at your marginal tax rate. When you sell your rental property ...

Gianforte pitched his plan as a balanced budget that avoids cuts to essential services and caps spending increases at a level ...

Currently, higher-rate taxpayers face CGT rates of 20 percent on most assets and 24 percent on residential property.