TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Undisclosed income declared under the Income Declaration Scheme 2016 is subject to capital gains tax upon asset sale.</h1> When an undisclosed income is declared under the Income Declaration Scheme, 2016, and tax, surcharge, and penalty are paid on the asset's fair market value as of June 1, 2016, the declarant is liable for capital gains tax upon selling the asset. The capital gains are calculated by subtracting the cost of acquisition from the sale price, with the cost of acquisition being the fair market value as of June 1, 2016. The holding period for capital gains purposes begins on this date.
TaxTMI 
TaxTMI 
