What are the details on the transfer tax of about 3.8% that apply in 2013 on sale of real estate?

The Health Care Law passed last year has a new provision that taxes real estate sales but not sure how much of the sale it applies to, ie profit over a certain amount etc, Also does it apply if you are over 55 when there is usually no capital gains on sale of your home.|||Here are the details:





http://www.factcheck.org/2010/04/a-38-pe鈥?/a>





In summary - it only applies to people making $200,000 or more ($250,000 married). It does not apply to the first $250,000 of profits (single) or $500,000 profits (married) from the sale )same exemption as now). However, it does apply fully to second/vacation home sales. To qualify for the exemption, you must have owned and lived in the home for two of the past five years.|||afaik, the required regulations and forms do not yet exist.