Capital Gains Tax

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• Capital Gains Tax

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• Capital Gains Tax is a tax which is applicable on
  the profit gained from the sale of an investment
  or a property. The investment can be in the form
  of shares, jewellery, art work or antiques
  amongst other possessions. Capital gains tax is
  payable on investments whose evaluation increases
  with time, leaving behind a substantial profit
  for the seller. The tax allowance in the case of
  capital gains tax is 11000 above which a person
  is liable to pay this tax. Depending on the
  income group to which a person belongs, the tax
  rate will be 18 or 28 of the taxable gain.

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