When you sell a personal asset like your car, any resulting capital gain or loss may or may not be subject to taxation, depending on your country's tax laws. In many countries, the sale of personal-use assets like cars, homes, or personal belongings is often exempt from capital gains tax. However, it's advisable to check your local tax jurisdiction rules. Can you find an article/s that supports this finding? especially the part where it mentions local tax jurisdiction rules depending on the country?

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Yes here is an article that supports the finding that the sale of personaluse assets like cars homes or personal belongings is often exempt from capit... View the full answer