Capital gains tax is a tax that is levied on the profits earned from the sale of an asset, such as stocks, bonds, real estate, or other property. When an individual or business sells an asset for more than its original purchase price, they realize a capital gain, and that gain is subject to taxation.
Capital accountants can help their clients manage their capital gains tax obligations in several ways:
1-Record-keeping
2-Tax planning
3-Filing tax returns
4-Providing advice on tax law changes
