Capital gains, meanwhile, is the profit made from the sale of a property or investment. It typically applies to things like selling real estate or stocks, and is taxed at a lower rate of 20%, so long as the seller owned the asset for more than a year (long-term capital gains).

Join us as we recap a year of incredible online learning with our run-down of the best Soundfly student works of 2018! Want in? Mainstage starts next week.

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