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Does the tax apply to the yearly appreciation of an asset?

April 26, 2017appreciation ASSET tax

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Does the tax apply to the yearly appreciation of an asset?

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No. Capital gains are subject to this new tax only in the year when the asset is sold. The amount of the gain will be measured in the same way that it is for income tax purposes. This rule applies to real estate and all other appreciating capital assets. Net capital gains are taxable only in the year of sale.