Cash gains tax is calculated because the difference between Everything you compensated for your share or belongings in a very business, which include commissions and other fees, and what you're promoting it for.

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The business operates being a multi-branded principle bicycle retail store, offering services customized for cycling lovers in Dubai.

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That is in immediate distinction to regular income, by using a prime federal tax fee of about 28%, which can be Everything sale a business you will pay In case the transaction is characterized as an asset sale.

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