Question

Tax that you pay when making a profit from selling a house is an example of: AProperty Tax BSales Tax CIncome Tax DCapital Gains Tax

Answer 1

D. Capital Gains Tax

Step-by-step explanation:

Capital Gain tax is the Tax which is payable on profits on the sale on a certain type of capital assets by a company or an individual. The capital gains tax is a kind of fee which is payable to the government on the profit which has been made by selling certain kind of assets. These assets can include real estate property or stock investment.