Showing posts with label CAPITAL GAINS. Show all posts
Showing posts with label CAPITAL GAINS. Show all posts

Friday, 24 October 2014

How could the new capital gains tax law affect you?

MADRID -- A new capital gains tax comes into effect on January 1, 2015. Not every property seller is impacted, though. According to Fuster & Associates, the government is eliminating two coefficients when calculating the tax due on a property sale. It does mean, however, that some vendors will see a large increase in the amount of capital gains they are liable for. There are three tax groups that will be exempted from paying, however: