Jinny Charmian

Long Term Capital Gain Tax Budget 2024. There will be only two holding periods for the purpose of ascertaining nature of capital gains i.e. It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income.

It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income. She added listed financial assets held for more than a year will be classified as long term.