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.

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Besides, the current system not only "helps block speculative trading," but also countries such as the U.K., France and Italy impose both transaction and capital gains taxes.

Debate over stock trading tax resurfaces

To the extent that the Bush tax cuts are allowed to remain in effect and Obamacare is not repealed, capital gains taxes will escalate to 18.8 percent as Obamacare contains an imbedded automatic 3.8 percent increase in capital gains taxes to help fund the program.

More properties to come on the market

John Kitzhaber's budget included $25 million in cuts to capital gains taxes if those funds are reinvested into Oregon businesses.

Bills look to lower capital gains rate

Almost no countries apply capital gains taxes to owner-occupied housing, for a variety of economic and political reasons.

The long-term effects of capital gains taxes in New Zealand

By gifting a highly appreciated asset to a CRT, a client can enjoy a current income tax deduction and a reduction in capital gains taxes over time (neither of which was a benefit of a PAT).

Weighing alternatives to the private annuity trust

In general, the preliminary evidence suggests that capital gains taxes affect equity prices and may contribute to short-term departures from fundamental prices.

Capital gains taxes and equity prices

The combination of low holding taxes and high capital gains taxes creates perverse incentives.

Cramming Tokyo: urban renewal as economic catalyst

LMM's contribution relates to the capitalization of investor-level capital gains taxes into share prices.

Discussion of the effect of the expected holding period on the market reaction to a decline in the capital gains tax rate

The conservation easement decreased his capital gains taxes brought by the Des Moines sale by $25,000 in the first year alone.

Green acres: land trusts help protect the environment and save money, too. (Money Matters)

The taxpayers in all of these cases requested a reduction in stock value equal to the full amount of the capital gains taxes that would have been due upon liquidation of the respective corporations.

The valuation discount for potential capital gains tax

Capital gains taxes affect investment decisions and can reduce the amount of capital available for higher risk potential.

New directions in tax reform

If the same couple donated $10,000 worth of appreciated securities that had a cost basis of $2,000, their "cost" of the gift would still be only $7,200, but because donations of appreciated securities are deductible at their full fair-market value without accruing any capital gains taxes, the couple would also have avoided paying capital gains taxes on the stock's $8,000 appreciation.