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8 years ago you purchased an asset for a $100000 that has yield a nominal capital...

8 years ago you purchased an asset for a $100000 that has yield a nominal capital gain of $30000 if you sold the asset today you are inflation adjusted capital gains would be 0 due to inflation over the last 8 years the capital gains tax is 28% if you sold the asset today your tax liability would be?

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Answer #1

The capital gains tax generally does not take into account the inflation adjusted gains. There has been debate to index the capital gains for inflation so that only real gains to be taxed but there is no any rule regarding that for now.
The information in the question also does not indicate any such rule.

The capital gains tax will be 28% on the nominal gain.

30000 * 0.28 = 8400

The tax liability will be $8400.

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