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Question

How much tax do you pay when you sell a business?


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Solution

A business is taxed on the profits it makes through the sale. The measure of assessment that you will eventually need to pay relies on whether the cash you make from the sale is taxed as ordinary income or capital increases. Benefit from the offer of the business resources will no doubt be charged at capital increases rates, though the sum you get under a counseling understanding will be normal pay.


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