[kcb]

How does that even work? What does it apply to? Say I own a 100% share in a business, each year does the government appraise it and pretty much require me to divest a portion of it to pay the tax?

Unrealized capital gains taxes are crazy all in an effort to own the rich or something. Meanwhile the people they're perceived as targeting have all the resources to avoid it.

[retired]

Yes, you are supposed to either sell part of the stocks to cover the yearly tax or you need to dip into your savings account to find money to cover the tax.

I don't know about non-publicly listed companies, I assume you indeed need to appraise yearly.

The rich don't pay these taxes as the unrealised capital gains tax is only for private individuals, not companies. The rich have their assets in companies / shells.