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Trump officials consider cutting capital gains tax on home sales

The proposal centers on homeowners selling their primary residence ahead of the midterm elections.

Reported · Written up by our desk · Residential

CNBC Markets reports that Trump officials are exploring a potential tax break that would cut the capital gains tax applied to homeowners when they sell their primary residence.

The outlet said the idea is being discussed in the lead up to the midterm elections, according to its summary of the proposal.

CNBC Real Estate also covered the same developing concept, framing it as a potential change that could affect homeowners planning to sell their homes.

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