Tax Working Group proposes wider scope for taxing capital gains

Wed, 19 Sep 2018

By Pattrick Smellie Sept. 20 (BusinessDesk) - A capital gains tax on the sale of investment property, businesses, shares and other assets such as farms is a step closer if the interim report of the Tax Working Group leads to firm recommendations in its final report next February. The independent group’s final recommendations will then require government decisions, but the interim report, released this morning, falls firmly in favour of broadening the existing narrow range of capital gains taxes to capture profits on the sale of a far wide...

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