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.

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