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If, on the other hand, you plan to sell your home after it has appreciated, know that you will be subject to short-term capital gains taxes if you sell before the full year after you’ve purchased the property. Beyond this, the long-term gains bracket will be used to calculate your taxes.

Whether you plan on making your luxury house an investment or to keep it as a personal vacation home, you should still do some research on your prospective home before buying it, preferably with the help of your reliable realtor in Las Vegas.