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Capital Gains Tax
Capital gains are not taxed unless the gain results from business activity, or unless it results from the sale of shares of a company of which the individual concerned, together with certain specified types of relative, owns or has owned 25% or more in the last 5 years.
So if you own a property and it is registered under your name (not under a company's name) you will not be taxed on capital gains on that property. |