You might have heard rumors or received e-mails stating that all real estate sales would have a new tax in 2013 due to the passage of the Health Care Law. Here are the basic facts: Yes, there is a new 3.8% tax that is part of the recently passed Health Care Bill. Yes, this new tax comes into effect January 1, 2013. No, this is not a transfer tax that will be charged on all real estate sales. The tax will only impact individuals who have more...

You might have heard rumors or received e-mails stating that all real estate sales would have a new tax in 2013 due to the passage of the Health Care Law. Here are the basic facts: Yes, there is a new 3.8% tax that is part of the recently passed Health Care Bill. Yes, this new tax comes into effect January 1, 2013. No, this is not a transfer tax that will be charged on all real estate sales. The tax will only impact individuals who have more...