How do i figure capital gains tax

Albania (Last reviewed 21 June 2022) 15 15 Algeria (Last reviewed 01 June 2022) Capital gains are subject to the normal CIT rate. Resident: 15;
Non-residents: 20 Angola (Last reviewed 19 July 2022) Capital gains arising from the disposal of financial instruments: 10% Generally, the Investment Income Tax for capital gains is 10%. Argentina (Last reviewed 31 August 2022) Capital gains are subject to the normal CIT rate. 15 Armenia (Last reviewed 07 June 2022) Capital gains are subject to the normal CIT rate. 10 or 20 (depending on the type of property and whether sold to a tax agent or individual) Australia (Last reviewed 27 June 2022) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate. Austria (Last reviewed 12 September 2022) Capital gains are subject to the normal CIT rate. 27.5 Azerbaijan (Last reviewed 14 July 2022) Capital gains are subject to the normal profit tax rate. 25 Bahrain (Last reviewed 24 July 2022) NA NA Barbados (Last reviewed 30 August 2022) NA NA Belgium (Last reviewed 04 August 2022) Capital gains are subject to the normal CIT rate (except capital gains on shares under certain conditions). In general exempted (except in some specific cases) Bermuda (Last reviewed 08 September 2022) NA NA Bolivia (Last reviewed 15 July 2022) Capital gains are subject to the normal CIT rate. NA Bosnia and Herzegovina (Last reviewed 01 September 2022) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate. Botswana (Last reviewed 14 July 2022) Capital gains are subject to the normal CIT rate. 25 Brazil (Last reviewed 16 September 2022) Resident: 34 for legal entities (considered as part of regular income and subject to regular CIT rates);
Non-resident: 15 to 22.5 (WHT);
Non-resident in tax haven countries: 25 (WHT). 15 to 22.5 Bulgaria (Last reviewed 09 September 2022) Capital gains are subject to the normal CIT rate. 10 Cabo Verde (Last reviewed 29 July 2022) Capital gains are subject to the normal CIT rate. Disposal of immovable property, intellectual property, shareholdings: 1;
Gambling, lottery, betting, prizes awarded in sweepstakes, contests: 20 Cambodia (Last reviewed 11 August 2022) Capital gains are subject to the standard CIT rate. 20 (being postponed until January 2024). Cameroon, Republic of (Last reviewed 25 August 2022) Capital gains are subject to the normal CIT rate. Stocks and shares: 16.5;
Real property: 30 Canada (Last reviewed 23 June 2022) Half of a capital gain constitutes a taxable capital gain, which is included in the corporation's income and taxed at ordinary rates. Half of a capital gain constitutes a taxable capital gain, which is included in the individual's income and taxed at ordinary rates. Cayman Islands (Last reviewed 04 August 2022) NA NA Chad (Last reviewed 25 August 2022) 20 20 Chile (Last reviewed 21 July 2022) Capital gains are subject to the normal FCT rate. 40 China, People's Republic of (Last reviewed 29 June 2022) Capital gains are subject to the normal CIT rate. 20 Colombia (Last reviewed 08 August 2022) 10 If the assets were held for two or more years, the gain will be taxed as a capital gain at a 10% flat rate (recapture rules are applicable).
If the assets were held for less than two years, the gain will be taxed as ordinary capital income (35% for FY 2022). Congo, Democratic Republic of the (Last reviewed 25 August 2022) Capital gains are subject to the normal CIT rate. NA Congo, Republic of (Last reviewed 30 June 2022) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate. Costa Rica (Last reviewed 06 October 2022) 15 (2.25 under certain conditions) 15 (2.25 under certain conditions) Croatia (Last reviewed 14 July 2022) Capital gains are subject to the normal CIT rate. 10% increased for municipal tax (levied at the rates ranging from 0% to 18%, depending on taxpayer's place of residence). Cyprus (Last reviewed 30 June 2022) 20 20 Czech Republic (Last reviewed 19 July 2022) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate. Denmark (Last reviewed 08 September 2022) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate. Dominican Republic (Last reviewed 14 July 2022) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate. Ecuador (Last reviewed 21 July 2022) Capital gains generated by the transfer of equity rights (i.e. shares) are subject to a 10% income tax rate. Capital gains generated by the transfer of equity rights (i.e. shares) are subject to a 10% income tax rate. Egypt (Last reviewed 29 June 2022) 0, 10, or 22.5 0, 10, or 25 El Salvador (Last reviewed 14 July 2022) 10 or 30 (see El Salvador's Corporate tax summary for more information). 10 or 30 (see El Salvador's Individual tax summary for more information). Equatorial Guinea (Last reviewed 01 March 2022) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate. Estonia (Last reviewed 25 August 2022) NA Capital gains are subject to the normal PIT rate. Eswatini (Last reviewed 20 June 2022) NA NA Fiji (Last reviewed 19 July 2022) 10 10 Finland (Last reviewed 03 August 2022) Capital gains are subject to the normal CIT rate. 30 (and 34 on income exceeding EUR 30,000 annually). France (Last reviewed 21 July 2022) Capital gains are subject to the normal CIT rate. 30, plus exceptional income tax for high earners at 4% Gabon (Last reviewed 28 July 2022) Capital gains are subject to a discharge levy at the rate of 20% due by the Gabonese company whose rights are transferred. 20 Georgia (Last reviewed 12 August 2022) Capital gains are subject to the normal CIT rate. General capital gain tax rate is 20%. Tax rate is reduced to 5% in case of supply of residential apartment and the land attached to it or a supply of a vehicle. Germany (Last reviewed 30 June 2022) Capital gains are subject to the normal corporation tax rate. 25, plus 5.5 solidarity surcharge on tax paid (in total 26,375 plus church tax if applicable) Ghana (Last reviewed 18 July 2022) Capital gains are included as part of income and taxed at the applicable Corporate income tax rate. Capital gains are included as part of income and taxed at the individual’s marginal/graduated tax rate for residents and 25% for non-residents; or 15% (upon election and the gains are as a result of the realisation of investment assets). Gibraltar (Last reviewed 26 August 2022) NA NA Greece (Last reviewed 14 September 2022) Capital gains are subject to the normal CIT rate unless the participation exemption is applicable. 15 Greenland (Last reviewed 01 June 2022) 26.5 (i.e. 25% + 6% surcharge) NA Guatemala (Last reviewed 18 July 2022) 10 10 Guernsey, Channel Islands (Last reviewed 21 June 2022) NA NA Guyana (Last reviewed 18 July 2022) 20 20 Honduras (Last reviewed 25 July 2022) 10 10 Hong Kong SAR (Last reviewed 30 June 2022) NA NA Hungary (Last reviewed 18 July 2022) Capital gains are subject to the normal CIT rate (9%); however, the participation exemption regime may apply. Capital gains are subject to the normal PIT rate (15%). If certain conditions are not met, an additional 15.5% social tax is also payable. Iceland (Last reviewed 20 July 2022) Capital gains are subject to the normal CIT rate. 22 India (Last reviewed 24 May 2022) 10%/ 20% (applicable surcharge and cess) long-term and 15%/ 40% (applicable surcharge and cess) short-term (may be exempt under DTAA)

Please refer to "Income Determination - Capital Gains" for more details.

Long-term capital gain: 10 (on sale of equity shares/units of equity oriented funds/units of business trust in excess of INR 100,000 and security transaction tax is paid). For others, 10 for non-residents (without cost inflation adjustment) 20 for residents/non-residents (with cost inflation adjustment).

Short-term capital gain: 15 (if securities transaction tax paid on sale of equity shares/units of equity oriented funds/units of business trust). For others, normal slab rate applies.

Above rates are to be enhanced by surcharge and health and education cess; and benefit of tax treaty for non-residents.

Indonesia (Last reviewed 22 June 2022) Capital gains are subject to the normal CIT rate, except for certain tax objects subject to final income tax (see the Withholding taxes section). Capital gains are subject to the normal PIT rate, except for certain tax objects subject to final income tax (see the Individual tax summary). Iraq (Last reviewed 19 July 2022) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate. Ireland (Last reviewed 29 June 2022) 33 33 Isle of Man (Last reviewed 25 August 2022) NA NA Israel (Last reviewed 01 July 2022) Capital gains are subject to the normal CIT rate. 25 Italy (Last reviewed 08 August 2022) Capital gains are subject to the normal CIT rate. For financial investments, the PEX regime at 95% exemption may be applied, provided that the conditions set by the law are met. Capital gains are subject to separate taxation at 26% (for capital gain related to black list companies and investment fund non ucits harmonised normal PIT rate applies) Ivory Coast (Côte d'Ivoire) (Last reviewed 10 August 2022) Capital gains are subject to the normal CIT rate. NA Jamaica (Last reviewed 08 September 2022) No capital gain tax regime. Transfer tax at 2% on transfers of Jamaican real estate and securities. No capital gain tax regime. Transfer tax at 2% on transfers of Jamaican real estate and securities. Japan (Last reviewed 08 August 2022) Capital gains are subject to the normal CIT rate. Gains arising from sale of stock are taxed at a total rate of 20.315% (15.315% for national tax purposes and 5% local tax).
Gains arising from sale real property are taxed at a total rate of up to 39.63% (30.63% for national tax purposes and 9% local tax) depending on various factors. Jersey, Channel Islands (Last reviewed 22 July 2022) NA NA Jordan (Last reviewed 30 June 2022) 20 30 Kazakhstan (Last reviewed 01 August 2022) Capital gains are subject to the normal CIT rate. Capital gains are subject to the 10% PIT rate. Kenya (Last reviewed 26 September 2022) 5 (15% as of 1 January 2023) 5 (15% as of 1 January 2023) Korea, Republic of (Last reviewed 01 June 2022) Capital gains are subject to the normal CIT rate. 45 Kosovo (Last reviewed 19 July 2022) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate (10%). Kuwait (Last reviewed 25 August 2022) Capital gains are subject to the normal CIT rate. NA Kyrgyzstan (Last reviewed 23 August 2022) Capital gains are subject to the normal profit tax rate (10%). Capital gains are subject to the normal PIT rate (10%). Lao PDR (Last reviewed 08 August 2022) NA NA Latvia (Last reviewed 19 July 2022) Capital gains are subject to the normal CIT rate. 20 Lebanon (Last reviewed 22 July 2022) 15 15 Libya (Last reviewed 19 July 2022) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate. Liechtenstein (Last reviewed 24 June 2022) Capital gains derived from the sale of shares are tax-exempt. Capital gains from the sale of real estate are subject to a separately assessed real estate profit tax of up to 24%. Capital gains derived from the sale of shares are tax-exempt. Capital gains from the sale of real estate are subject to a separately assessed real estate profit tax of up to 24%. Lithuania (Last reviewed 11 August 2022) Capital gains are subject to the normal CIT rate. 20 Luxembourg (Last reviewed 19 July 2022) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate. Macau SAR (Last reviewed 19 July 2022) Capital gains are subject to the normal complementary tax rate. NA Madagascar (Last reviewed 04 August 2022) 20 20 Malawi (Last reviewed 21 July 2022) Capital gains are subject to the normal corporate rate. Capital gains are subject to the normal PIT rate. Malaysia (Last reviewed 13 June 2022) Generally, gains on capital assets are not subject to tax, except for gains arising from the disposal of real property situated in Malaysia, which is subject to RPGT (up to 30%). Generally, gains on capital assets are not subject to tax, except for gains arising from the disposal of real property situated in Malaysia, which is subject to RPGT (up to 30%). Maldives, Republic of (Last reviewed 06 August 2022) Capital gains are subject to the normal income tax rate. Capital gains are subject to the normal income tax rate. Malta (Last reviewed 11 August 2022) See Malta's corporate tax summary for tax rates on capital gains. See Malta's individual tax summary for tax rates on capital gains. Mauritania (Last reviewed 26 September 2022) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate. Mauritius (Last reviewed 26 September 2022) NA NA Mexico (Last reviewed 05 July 2022) 30% for a Mexican resident, accrued as regular taxable income.
25% on the gross proceeds, or 35% on the net gain, for non-residents. See the Mexico individual tax summary for capital gain rates. Moldova (Last reviewed 06 July 2022) Capital gains are subject to the standard CIT rate. Capital gains are subject to the normal PIT rate (taxable gain basis represent 50% from the capital gain). Mongolia (Last reviewed 09 June 2022) See Mongolia's corporate tax summary for capital gain rates. See Mongolia's individual tax summary for capital gain rates. Montenegro (Last reviewed 07 June 2022) Capital gains are subject to the normal CIT rate. 15 Morocco (Last reviewed 28 September 2022) Capital gains are subject to the normal CIT rate. 20 Mozambique (Last reviewed 25 June 2022) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate. Myanmar (Last reviewed 26 July 2022) 10% for non-oil and gas sector;
40% to 50% for oil and gas sector 10 Namibia, Republic of (Last reviewed 02 June 2022) NA NA Netherlands (Last reviewed 01 July 2022) Capital gains are subject to the normal CIT rate (25.8%). Capital gains on qualifying participations are tax exempt under the participation exemption. NA New Zealand (Last reviewed 21 July 2022) New Zealand does not have a comprehensive capital gains tax. However, capital gains derived by a company will generally be taxed as dividends on distribution to shareholders, subject to certain exceptions. New Zealand does not have a comprehensive capital gains tax. Nicaragua (Last reviewed 01 July 2022) 15 15 Nigeria (Last reviewed 28 July 2022) 10 10 North Macedonia (Last reviewed 18 July 2022) Capital gains are part of the regular profit for the year, thus subject to the normal CIT rate. Capital gains are subject to the flat PIT rate at 10%. See the Income determination section. Norway (Last reviewed 15 August 2022) Capital gains are subject to the ordinary CIT rate. Capital gains are subject to the normal PIT rate. Oman (Last reviewed 19 July 2022) Gains on sales of securities listed on the Muscat Securities Market are exempt from taxation. Gains on transfers of other assets are taxable as ordinary income. NA Pakistan (Last reviewed 22 July 2022) See Pakistan's corporate tax summary for capital gain rates. See Pakistan's individual tax summary for capital gain rates. Palestinian territories (Last reviewed 08 June 2022) Income tax is imposed on capital gains. Income tax is imposed on capital gains. Panama (Last reviewed 18 July 2022) See Panama's corporate tax summary for capital gain rates. See Panama's individual tax summary for capital gain rates. Papua New Guinea (Last reviewed 03 June 2022) PNG does not currently tax capital gains. PNG does not currently tax capital gains. Paraguay (Last reviewed 18 July 2022) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate. Peru (Last reviewed 08 August 2022) Capital gains are subject to the normal CIT rate. 5 Philippines (Last reviewed 30 June 2022) See the Philippines corporate tax summary for capital gain rates. See the Philippines individual tax summary for capital gain rates. Poland (Last reviewed 10 June 2022) Capital gains are subject to the normal CIT rate. Transfer of real property: Subject to the normal PIT rate.
Transfer of shares: 19. Portugal (Last reviewed 08 August 2022) See Portugal's corporate tax summary for capital gain rates. See Portugal's individual tax summary for capital gain rates. Puerto Rico (Last reviewed 08 September 2022) 20 See Puerto Rico's individual tax summary for capital gain rates. Qatar (Last reviewed 21 August 2022) Same as CIT rate. NA Romania (Last reviewed 04 August 2022) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate. Rwanda (Last reviewed 20 July 2022) See Rwanda's corporate tax summary for capital gain rates. Capital gains are subject to the normal PIT rate. Saint Lucia (Last reviewed 30 August 2022) NA NA Saudi Arabia (Last reviewed 21 June 2022) Capital gains are subject to the normal income tax rate applicable to the taxpayer. Non-resident capital gains tax rate is 20%. NA Senegal (Last reviewed 23 September 2022) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate. Serbia (Last reviewed 07 June 2022) 15 15 Singapore (Last reviewed 03 October 2022) NA NA Slovak Republic (Last reviewed 09 October 2022) Capital gains are subject to the normal CIT rate. 19 Slovenia (Last reviewed 22 July 2022) Capital gains are subject to the normal CIT rate (19%). 25 South Africa (Last reviewed 30 June 2022) 21.6 18 Spain (Last reviewed 31 August 2022) Capital gains are subject to the normal CIT rate. Residents: 26;
Non-residents: Capital gains generated as a result of a transfer of assets are taxed at 19%. Sri Lanka (Last reviewed 29 June 2022) 10 10 Sweden (Last reviewed 20 July 2022) See Sweden's corporate tax summary for capital gain rates. 30 Switzerland (Last reviewed 12 July 2022) Overall an effective tax rate between 11.9% and 21.0% depending on the company's location of corporate residence in Switzerland applies. Exceptions to be considered relate to the participation relief and capital gains on real estate. Movable assets: Exempt.
Non-movable assets: Exempt for federal tax, and cantonal tax rate varies per canton. Taiwan (Last reviewed 27 June 2022) Capital gains are subject to the normal CIT rate, except for marketable securities and real properties. Capital gains are subject to the normal PIT rate, except for securities and real properties. Tajikistan (Last reviewed 30 June 2022) Resident: Capital gains are subject to the normal CIT rate (18% or 13% for entities producing goods or 20% for the activities of financial institutions and mobile companies);
Non-resident: Capital gains are treated as other income subject to 15% rate. Resident: 15 (exempt for certain property if established requirements are met);
Non-resident: 15 Tanzania (Last reviewed 18 August 2022) Capital gains are subject to the normal CIT rate. Residents: 10;
Non-residents: 30;
Sale of mineral or petroleum rights: 30 Thailand (Last reviewed 20 July 2022) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate. Timor-Leste (Last reviewed 09 September 2022) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate. Trinidad and Tobago (Last reviewed 19 July 2022) NA NA Tunisia (Last reviewed 22 July 2022) Capital gains are subject to the normal CIT rate. See Tunisia's individual tax summary for capital gain rates. Turkey (Last reviewed 21 February 2022) Capital gains are subject to the normal CIT rate. See Turkey's individual tax summary for capital gain rates. Turkmenistan (Last reviewed 01 August 2022) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate. Uganda (Last reviewed 05 September 2022) Capital gains are subject to the normal CIT rate. 40 Ukraine (Last reviewed 30 June 2022) Capital gains are subject to the standard CIT rate of 18%. Taxable as ordinary income. United Arab Emirates (Last reviewed 02 September 2022) NA NA United Kingdom (Last reviewed 27 July 2022) Capital gains are subject to the normal corporation tax rate. See the United Kingdom's individual tax summary for capital gain rates. United States (Last reviewed 01 August 2022) 21 20 Uruguay (Last reviewed 25 August 2022) Capital gains are subject to CIT, taxed at 25% (there is no corporate capital gains tax in Uruguay). There is no individual capital gains tax in Uruguay. Capital gains are subject to IRPF or IRNR, taxed at 12% (with some exceptions). Uzbekistan, Republic of (Last reviewed 01 August 2022) Residents: Capital gains are subject to the normal CIT rate;
Non-residents: 20 Residents: Capital gains are subject to the normal PIT rate;
Non-residents: 20 Venezuela (Last reviewed 30 June 2022) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate. Vietnam (Last reviewed 28 July 2022) See Vietnam's Corporate tax summary for capital gains tax. See Vietnam's Individual tax summary for capital gains tax. Zambia (Last reviewed 01 June 2022) NA NA Zimbabwe (Last reviewed 22 July 2022) 20 20

What is the formula for calculating capital gains tax?

Your taxable capital gain is generally equal to the value that you receive when you sell or exchange a capital asset minus your "basis" in the asset. Your basis is generally what you paid for the asset. Sometimes this is an easy calculation – if you paid $10 for stock and sold it for $100, your capital gain is $90.