Which of the following propositions is not true of capital gains tax?

Question

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Capital gains tax is generally payable by individuals on profits made from the sale of assets such as stocks, real estate, and personal property. Option A is true as there is an exemption for primary places of residence. Option B is also true as the sale of a motor vehicle is not typically subject to capital gains tax. Option D is false, as capital gains tax is generally taxed at a lower rate than income tax. Option C is the only choice that is not true, as corporations are also subject to capital gains tax.

Which of the Following Propositions Is Not True of Capital