No, your actual gain in capital would not be taxed. The only thing that is being taxed is the "fictitious" gain on the monetary value of your capital at a certa

No, your actual gain in capital would not be taxed. The only thing that is being taxed is the "fictitious" gain on the monetary value of your capital at a certain date (peildatum). Everyone agrees that this system is dumb as shit, but our tax department is too incompetent to implement a sane capital gain tax like they have in, for example. Australia.