A person buysand sells a number of vehicles in a tax year

Reference no: EM13611142

Q1 A person buysand sells a number of vehicles in a tax year and makes asignificant amount of profit in the process. Will such profit betaxable as capital gain?

Q2 Aperson somehow gets hold of an extraordinary rare bird, keeps it asa pet for two years and then sells it off. Will related profit betaxable as capital gain?

Reference no: EM13611142

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