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Practical manual for Income Tax 2020.

Capital gains and losses that are not included in the personal income tax base

By express legal provision, the capital gains and losses listed below are not included in the taxable base of IRPFABBR and, consequently, are not subject to taxation under this tax.

  1. Capital gains not subject to personal income tax
  2. Exempt capital gains
  3. Patrimonial losses that are not computed for tax purposes as such
  4. Examples