When you sell a property, painting, jewelry, sculp... moreWhen you sell a property, painting, jewelry, sculpture, land, or even securities after holding them for a considerably long period, the profit accrued on such sale is taxed differently. This income earned on the sale of long-term assets is known as long-term capital gain (LTCG). To put it a little more technically, profits or gains arising out of the sale of capital assets are called capital gains.
Recommended For You
Select your Category
Internet Not Available
Wait for it…
Log in to our website to save your bookmarks. It'll just take a moment.