what kinda taxes are applicable when selling a website ?
what kinda taxes are applicable when selling a website ?
What country are you in, and is the website owned by you personally or by a business you own?
I am sorry for not including information
US and its a personal site......
Capital gains maybe?
New website released. ya rly!
so a website is considered a capital asset ? am i correct ?
If it's not business and you sell it if you make profit on it you own taxes on the profit. Remember, they just said if your a business, you said it was personal. You really need to talk to an accountant to be sure though. But the IRS works like this. You make money, they take money. Period
wouldnt a personal site tha tmakes income be considered a business ?
it probably is considred a hobby, it matters if you are operating under a business license.
It will probably be classed as personal income and taxed at your own bracket rate.
New website released. ya rly!
Yes, I believe this is correct. Though, I'm not sure, or an accountant.It will probably be classed as personal income and taxed at your own bracket rate.
We can all speculate or you can contact someone who does this for a living in your area and they can give you a more definate answer than almost anyone here.
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