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What is Understanding Capital Gains Tax about?
Capital Gains Tax (CGT) is a tax on profits from the sale or transfer of capital assets like real property and shares. The tax rate is 6% for real property and 15% for shares of stock, with certain exemptions available. CGT must be paid within 30 days of the transaction, and specific documentation is required for compliance.
- Author
- rmaelopezhobro
- Language
- EN