Capital Gains Tax Relief: Adjusting Investment Profits for Inflation.
This law introduces a mechanism to adjust the cost basis of certain assets—like stocks, real estate, and digital assets (cryptocurrency)—for inflation when calculating capital gains tax, provided they were held for over three years. This means citizens will only pay tax on the real profit, not the portion of the gain caused by inflation itself. The change aims to reduce the tax burden on long-term investors.
Key points
Capital gains tax will be calculated based on an inflation-adjusted cost, effectively lowering the taxable profit amount.
The relief applies to long-term investments (held over 3 years) in stocks, real estate, and digital assets.
Taxpayers must provide written documentation of the original purchase price to qualify for this inflation adjustment.
Status:
Expired
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