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What is the difference between Capital Gains Tax and normal tax?

Posted 8 April 2013 under Tax Questions


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If a company's main activity is buying and selling properties, will they pay Capital Gains Tax?

This entry was posted in Tax Questions and tagged , . Bookmark the permalink.

TaxTimTaxTim says:
8 April 2013 at 18:39

If the main purpose of the company is to buy and sell properties then it would be treated as trading and not capital and therefore subject to corporate tax at 28% and not the capital gains rate.


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