Does "Credit at Closing" have any Capital Gains Tax Implication?

[Mindy Jensen]

I need to reduce the price of my property for sale. A reduced list price means I'm paying less in Capital Gains Taxes. How would a "Credit at Closing to help with Buyer's Closing Costs" come into play?

Does this also reduce the amount of Capital Gains Tax, since it is less money I am receiving?

[Richard Phillip Lewis]

I just had this conversation with my buyer. The difference between Concession vs Credit. 

My buyer had repairs that came up during the home inspection. He wanted some cash at closing from the seller. I told him to ask for a seller credit, which is cash at closing from the seller.  The attorney wrote up the addendum and asked for a Seller Concession. I caught the error. This is not what he wanted. A Concession is a reduction in the purchase price. I asked my buyer to double check with his attorney why the attorney wrote "concession" in the addendum. Ultimately, the addendum was updated to be a seller credit to the buyer. 

Example Selling Price: $400,000

Concession: $5,000 -- Selling Price at Closing: $395,000. 

Credit: $5000 -- Selling Price at Closing: $400,000 // Seller Brings check for $5,000 to closing.