P.R. Laws tit. 23, § 6030
2019-02-20 00:00:00+00
In the case of capital gains attributable to investment in a Fund, the tax shall be ten percent (10%) on the amount of the excess of any net long-term capital gain over any net short-term capital loss. Any individual, estate, trust, partnership or corporation that is a participant may opt to include said gain as part of the gross income in the income tax return for the year said gain is acknowledged and to pay a tax pursuant to the normal tax rates, whichever is most beneficial for the taxpayer.
The tax levied in this section shall be paid as provided in §§ 8006 et seq. of Title 13.
History —Sept. 10, 1993, No. 78, § 20.