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Which of the Following Propositions Is Not True of Capital

Question 34

Multiple Choice

Which of the following propositions is not true of capital gains tax?


A) It is not payable on the sale of a primary place of residence.
B) It is not payable on the sale of a motor vehicle.
C) It is not payable by corporations.
D) It is payable at the same rate as income tax.

Correct Answer:

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