aniaraskye
aniaraskye
05-03-2020
Business
contestada
What is capitol gain?
Respuesta :
janehill33
janehill33
11-03-2020
Explanation:
It is the
amount of profit gained
by the organization by selling the stock, bond or other real estates.
If the
value of selling price is higher than the cost price
then it means that the capital gain is achieved.
The gain amount is calculated by
subtracting the higher selling price with the lowest cost price
Example of capital assets are:
mutual fund, stock, house, land, etc
If you achieve a capital gain, then you need to
pay tax
for it.
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