Quote:
Originally Posted by rgcraig
I've never heard it taught to tithe on capital gains if you reinvest in another house.
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So, realistically that increase could never be tithed on. Not something I would want to do personally. It is definitely a blessing and increase that the house appreciated in value and you had money to invest in a new home. I still personally feel that when a home sells and all expenses (principle, interest, taxes, etc) that you have put into the home since purchasing it have been deducted from the sale price, whatever the gain is should be tithed before anything else is done with the money.
Look at it like this: You get a great deal on a used car. For round numbers let's say you bought one for $1,000.00. The next day you were able to sell it for $5,000.00 Would it be right to put the entire $5,000.00 into a new car and not tithe on the $4,000.00 increase? Personally, I think not.