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Scally, Home Seller in East Central, Salt L...

what are the capital gains taxes in Utah?

Asked by Scally, East Central, Salt Lake City, UT Sat Oct 16, 2010

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Depending on the type of property, it's use and length of ownership will impact your capital gains. You should consult your accountant to confirm your tax consequences. Typically 5% is the Utah state long term (property held over 1 year) tax rate and 15% is the Federal rate.
0 votes Thank Flag Link Sun Oct 17, 2010
The Utah Capital Gains Tax rate is 5%.

Robert Alexander Jones
http://www.williams-alexander.com
0 votes Thank Flag Link Sat Oct 16, 2010
The same as where you are. The capital gains tax originates with the federal government.
0 votes Thank Flag Link Sat Oct 16, 2010
http://incometax.utah.gov/credits_capitalgains.php

check the above web site out.

Good luck.
Perry
Web Reference: http://www.ruthandperry.com
0 votes Thank Flag Link Sat Oct 16, 2010
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