TMI BlogIncome from Land Sales Taxed as Capital Gains, Not Business Income: Key Clarification on Property Transactions.Correct head of income - profit on sale of land /immovable property - business income or capital gain income - Correct head of income - profit on sale of land /immovable property - business income or capital gain income - income is taxable as capital gains. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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