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 ?
Incremental taxes are measured as the product of the spread between long-term and short-term capital gains tax rates (which ranged from zero to 50 percent during the years examined) and the change in the firm's price during the requisite holding period (which ranged from six to 18 months).
At least two other studies address the stock market reaction to the 1997 capital gains tax rate reduction.
The Financial Services Agency, meanwhile, wants to reduce the capital gains tax to 10% for 10 years.
When you donate appreciated property you've held for more than a year to charity, you may be able to deduct the fair market value and avoid capital gains tax on the appreciation.
Other frequently cited cases where the Court allowed no reduction for potential capital gains tax include Gallun, McTighe, Robinson, Piper, Andrews, Ward, Luton, Ford, and Gray.
Does Clinton fail to understand that the Republicans, capital gains tax cut is an abatement for the rich?
3) No published articles, however, have analyzed the impact that interactive provisions in the 1990 tax act have had on capital gains tax rates, or the act's potential effects on U.
The best way to explain the structured sale strategy for the 1031 exchange and its capital gains tax benefit is to look at a real transaction.
The tax is part of Egypt's commitment to the International Monetary Fund (IMF), which called to impose either a capital gains tax or a stamp duty on stock market transactions by FY 2017/18.
After toiling for almost a decade to redraw the treaty, India will begin imposing capital gains tax on investments in shares through Mauritius from April next onwards.
htm) Chancellor George Osborne Eyes Capital Gains Tax for Foreign Property Investors
However, an official said that after the issuance of Presidential Ordinance, revised Capital Gains Tax regime would be implemented automatically.