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Practical Income Manual 2022.

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

By express legal provision, the capital gains and losses mentioned below are not included in the tax base of Personal Income Tax and, consequently, are not subject to taxation for 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