Who can explain me basics of the capital gains tax?
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gilligan
Apprentice
Joined: 21 May 2008
Posts: 2
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 Posted: 08/02/08 - 09:34 Post subject: |
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| I have a tax question which I am hoping you can help me with. It is about capital gains tax - something I pretty much know nothing about, but have heard of many times. Can you tell me how the basic principles of the tax work? Who gets charged, when and are all products subject to the tax? |
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tracee
Apprentice
Joined: 12 Feb 2004
Posts: 18
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| Posted: 09/01/08 - 02:48 Post subject: |
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| Many countries implement forms of capital gains tax, which means that they charge a certain amount of tax on the rise of value of your assets, usually when you sell them. The amounts of the tax vary greatly per country, as do the assets that are affected. In the UK, for instance, it is pretty much anything. |
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