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People who dispose of their assets are expected to pay  

Economics
WAEC 2025

People who dispose of their assets are expected to pay

 

  • A. expenditure tax
  • B. value added tax
  • C. sales tax
  • D. capital gains tax
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Correct Answer: Option D
Explanation

People who dispose of their assets are expected to pay capital gains tax. Capital gains tax is a tax on the profit when you sell (or
'dispose of') something (an 'asset') that's increased in value. It's the gain you make that's taxed, not the amount of money you
receive.


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