capital gains tax

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capital gains tax

a tax charged on gains of a capital nature. More specifically, the charge to capital gains tax is on chargeable gains; these are gains accruing from the chargeable disposal of chargeable assets by chargeable persons. It follows from this that some disposals are chargeable disposals while others (such as a disposal on death by a testator to his executors) are not; likewise, some assets are chargeable and others are not (e.g. cash), and some persons are chargeable persons and others not (e.g. charitable trustees). Chargeable gains made by companies otherwise than in a fiduciary capacity are charged to corporation tax rather than capital gains tax. The current law has been consolidated into the Taxation of Chargeable Gains Act 1992.
References in periodicals archive ?
Again, clearly presenting the advantages and disadvantages of capital gains taxation in the first instance, the same for indirect transfers second, and then options on how to implement such a tax is a better approach and will allow countries to make an informed decision on an indirect transfer tax that furthers their overall tax policy goals.
Studies by Burman, Wallace, and Weiner (1996) and Hoyt and Rosenthal (1990, 1992) examine the impact of pre-TRA97 capital gains taxation on housing consumption.
1202 is that, in states that allow this exclusion, state capital gains taxation can be cut in half.
Prediction 20 All else equal, tax effects imply that firm value is negatively related to 1) the portion of payout dedicated to dividends, and 2) dividend taxation relative to capital gains taxation.
In that study we show that the impact of capital gains taxation on stock values can be positive or negative depending on the correlation between the stock's returns and those of the overall portfolio.
Congressional debates about capital gains taxation are always conducted with a feverish religious undertone: You are either a believer in low capital gains rates or you're not.
A cash-flow tax would eliminate most of the serious distortions in the corporate tax system by eliminating capital gains taxation, replacing capitalization with expensing, and creating financial neutrality between debt and equity.
Securities houses Nomura Holdings and Daiwa Securities Group advanced on a news report that the ruling Liberal Democratic Party's tax commission is eyeing easing the planned time period of a temporary reduction in the rate of capital gains taxation on stocks and extending the reduced 10% rate to all shareholdings.
5 percent and reduced capital gains taxation that spurred investment in computer and related equipment.
The tax treatment of the resource sector is being made more neutral; capital gains taxation of the proceeds of fishing license retirements has been lowered, encouraging further desirable shrinkage of that industry; and a task force to improve environmental knowledge was established in September 2000.
As far as capital gains taxation under the 40/98 law is concerned, the more extreme cases of ETR are considered in Table 4.
1202 from capital gains taxation must be included on federal Form 6251, Line 14m, and on California Schedule P, Line 131.