A.
Dear Client,
Property gains tax, often referred to as capital gains tax, is typically applicable when you sell or exchange a property, and you make a profit from the transaction. The tax liability arises based on the capital gains earned. If the current property exchanged has resulted in a capital gain, you may be subject to property gains tax.
However, tax laws can vary, and exemptions or concessions may apply under certain conditions, such as if the property is held for a specified duration.
Read more...
Share on
×