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The accountant had just read the story of
Cinderella to his
four-year-old daughter for the first time. The
little girl was fascinated
by the story, especially the part where the
pumpkin turns into a golden
coach. Suddenly she piped up, „Daddy,
when the pumpkin turned into a
golden coach, would that be classed
as income or a long-term capital
gain?“
