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Oahu Real Estate Blog

Entries in investment property tax (1)

Thursday
Nov152012

3.8% Tax on Sales of Oahu Real Estate in 2013

REAL ESTATE TAX OR MEDICARE TAX?

There has been a lot of misinformation thrown around about the 3.8% Tax on Real Estate starting in 2013.  For example, I have seen blogs and comments where people are proclaiming that anyone who sells their home will be subject to this tax and that the tax applies to the entire sale price of the home.  I have also heard some people who think this tax applies to the purchase of real estate.  Neither of these statements is true.

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