Giuseppe
Sat Mar 30 2024
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6 answers
1479
What is the 12 month rule for capital gains tax?
Could you please explain the 12-month rule for capital gains tax to me? I've heard about it but am not entirely sure how it works. Does it mean that if I hold onto an asset for 12 months or more before selling it, I'll be taxed differently? And what exactly are the tax implications of this rule? I'm trying to understand how it might affect my investment strategy and tax planning. Thank you for your help.
