Guiding You Through The Legal Process
View Our Practice Areas

Posts tagged "capital gain"

How can I avoid capital gains tax from selling a home?

Making the leap from renter to homeowner is often an important milestone for many people, giving them a sense of "grown-up" satisfaction, or maybe signifying that they have finally staked out their piece of the American Dream. But how do you avoid unnecessary taxation when you are ready to sell your first home?

The home sale tax exemption

Georgia residents who sell their primary residence will generally not be required to pay capital gains tax on the first $250,000 of profit generated by the sale. Spouses filing a joint return may exclude the first $500,000 gained from the sale of their home. The exemption may be applied to the sale proceeds of homes, condos, apartments and mobile homes.


Contact Us Today

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy


100 Galleria Parkway SE
Suite #480
Atlanta, Georgia 30339

Toll Free: 800-765-2779
Phone: 404-841-6561
Map & Directions

600 University Park Place
Suite 100
Birmingham, AL 35209

Phone: 205-401-1229
Map & Directions