Trying to Understand the New Capital Gains Laws

Recently I wrote a post discussing the new 'Housing Relief Bill'. While there are many facets of this new bill, one that had me concerned was the changes to the Capital Gains Law. There is some confusion about the interpretation of the law that is being discussed in various blog forums. The bill actually may not have the broad impact originally thought. Keep in mind that the old law allowed for an investor to buy a property and rent it out and as long as they moved into that investment re…