capital gains tax on personal assets

Capital gains tax on personal assets refers to the tax that individuals are required to pay on the profit made from the sale or disposal of their personal investments or assets, such as real estate, stocks, or valuable possessions. This tax is calculated based on the difference between the purchase price and the selling price of the asset, and the applicable tax rate varies depending on the individual's income and the length of time the asset was owned.

Explore

Requires login.