In the Philippines, the capital gains tax (CGT) on property sales is an essential consideration for anyone looking to sell real estate. As of 2023, the CGT is 6% of the gross selling price or the fair market value, whichever is higher. This tax applies to the sale of real estate properties, includin...
In Canada, the concept of capital gains tax on inheritance is often misunderstood. Unlike many other countries, Canada does not impose a direct capital gains tax on the value of assets inherited. Instead, the tax implications primarily affect the deceased’s estate and are dealt with at the time of d...
