Capital Gains Tax
What is a Capital Gain Tax?
The value of the real proper will be based on the selling price, fair market value as determined by the commissioner (zonal value) or the the fair market value as shown in the provincial or city assessor, whichever is higher.
If there is no zonal value, the taxable base or whichever is higher of the gross selling price per sales documents or the fair market value that appears in the latest tax declaration.