
Taxation of Capital Gains in the EU
In the EU, capital gains taxation involves paying tax on the profit made from selling assets like property, stocks, or investments. Each country has its own rules and rates, but generally, if you sell an asset for more than you paid, you'll owe tax on that profit. Some countries may have exemptions or allowances for certain assets or amounts. Tax rates and regulations can vary depending on how long you've held the asset and your overall income. Cross-border transactions may also involve reporting requirements and possible double taxation agreements between countries.