Which is correct regarding gains from capital assets? a) Always subject to regular tax b) Always...
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Which is correct regarding gains from capital assets? a) Always subject to regular tax b) Always subject to capital gains tax c) Subject to both regular tax and capital gains tax d) Subject to either regular tax or capital gains tax Which is not correct rules in dealings in properties? a) Ordinary loss is deductible only up to the extend of capital gains b) Ordinary gains are taxable in full c) Ordinary losses are deductible in full d) Capitals loss is deductible only up to the extent of capitals gains Which is correct regarding gains from capital assets? a) Always subject to regular tax b) Always subject to capital gains tax c) Subject to both regular tax and capital gains tax d) Subject to either regular tax or capital gains tax Which is not correct rules in dealings in properties? a) Ordinary loss is deductible only up to the extend of capital gains b) Ordinary gains are taxable in full c) Ordinary losses are deductible in full d) Capitals loss is deductible only up to the extent of capitals gains
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For gains from capital assets C Subject to both regular tax an... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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