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April 23, 2021
Question

I bought a home less than 1 year ago. We will soon purchase a new home. The homes are primary residence. What will the capital gains tax be for SC, when is it collected?

  • April 23, 2021
  • 1 reply
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1 reply

AmyC
Employee
April 24, 2021

SC does not have a capital gains tax rate. The income is added into your return and taxed at your rate, a maximum of 7%.

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