(a) Ten percent (10%) tax rate. — Any individual, estate, or trust shall pay, in lieu of any other taxes imposed by this part, a ten percent (10%) tax on the excess amount of any net long-term capital gain on any net short-term capital loss, as said terms are defined in § 30141 of the this title, or may opt to pay taxes according to the normal tax rates, whichever is of greater benefit to the taxpayer.(b) Form of payment. — The tax imposed by subsection (a) shall be paid as provided in §§ 30259 and 30260 of this title. History —Jan. 31, 2011, No. 1, § 1023.02, retroactive to Jan. 1, 2011.
Puerto Rico Legal Code