<human>:  What are the tax implications of investing in real estate?
<bot>: The tax implications of investing in real estate vary depending on the type of property you purchase and the form of ownership you choose. Generally, gains from the sale of real estate are subject to capital gains taxes in most countries, while income from renting out real estate may be subject to income tax. Additionally, you may be required to pay property tax and other local taxes, depending on the region or municipality. It is advisable to seek professional advice concerning any tax implications associated with investing in real estate.