Examlex
The purchase of a new automobile is included in
Personal or Investment Purposes
The intention behind acquiring or using property, either for personal enjoyment or to generate income or profit.
Preferential Tax Rates
Lower tax rates applied to specific types of income, such as capital gains or qualified dividends, which are taxed at a different rate than ordinary income.
Capital Gains
The profit from the sale of property or an investment when the selling price exceeds the original purchase price.
Capital Losses
The loss incurred when a capital asset (like stocks or real estate) is sold for less than its purchase price.
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