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What is capital gains tax on sale of rental property

what is capital gains tax on sale of rental property

Example: capital gains on the sale of a co-owned rental property · A + B + C − D − E + F = Cost base · Proceeds − Cost base = Capital gain. Capital Gains Tax when you sell a property that's not your home: work out your gain and pay your tax on buy-to-let, business, agricultural and inherited. Short-term capital gains happen when you sell an investment property you held for one year or less. These gains are taxed as ordinary income.

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1 thoughts on “What is capital gains tax on sale of rental property

  1. Rupinder Sehgal

    Now my card is unblocked but I don't have payzapp account

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