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The document discusses the tax treatment of ordinary gains and losses from property dealings as well as capital gains and losses. Ordinary gains are fully taxable while ordinary losses are fully deductible. Capital losses can only offset capital gains with any excess carried forward. For individuals, capital gains are taxed at different rates depending on the holding period, while corporations are not subject to a holding period rule. The document provides examples of computing net capital gain or loss for

Author

Jieve Licca Fano

Language

EN