Capital gains tax

When a landlord sells their apartments, sales often result in capital gain or loss. Capital gain is taxable capital income. Capital loss, on the other hand, may be deducted from capital gain or other capital income, such as rental income. When an apartment be sold, rental use does not relieve the owner of capital gains tax duty. 

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When a landlord sells their apartments, sales often result in capital gain or loss. Capital gain is taxable capital income. Capital loss, on the other hand, may be deducted from capital gain or other capital income, such as rental income. When an apartment be sold, rental use does not relieve the owner of capital gains tax duty.