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Leonard Pokrovski

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2025-09-27 17:39:08 -

What is Capital Gains Tax?
What is Capital Gains Tax? Capital gains tax (CGT) is a government levy on the profit made when you sell, transfer, or otherwise dispose of an asset that has increased in value. Simply put, if you purchase an asset for one amount and later sell it for more, the difference between the buying price (also called the cost basis) and the selling price is your capital gain—and this is what may...

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Dacey Rankins

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2025-01-15 13:46:24 -

What are the tax implications of passive income?
When it comes to passive income, many people are drawn to the idea of earning money with minimal ongoing effort. However, one important consideration that often gets overlooked is the tax implications of passive income. Just like with active income, taxes must be paid on passive income, but the rates and rules can vary depending on the source of the income. Understanding how taxes apply to...

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