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 ?
They have shown that an increase in capital tax rates by the (partial) tax coalition partners can increase their welfare even if it implies a capital transfer to third jurisdictions.
The level effect is the only effect present, so a higher degree of democracy leads to a lower capital tax. The prediction, therefore, is that the governmental burden on businesses mainly comes in the form of bureaucracy or taxation, and such burden is decreasing in the degree of democracy.
We apply regression analysis to 13 paired relationships between the capital tax quota and the ITRC.
The capital tax is the most inefficient in terms of generating revenue per unit of output loss.
As of January 1, 2016, New York State is phasing out the capital tax base over a six-year period.
The treaty between Spain and Cyprus is effective as of January 1 with respect to income and capital taxes and as of May 28, 2014 with respect to other taxes.
"I believe that some of the income tax changes will take effect from next April given that we are already part way through the tax year; the expected capital tax changes and indirect taxes/duties could however, be more immediate.
One percent of all taxes including tax on divisible pool revenue, wealth tax, capital tax, tax on sales of goods, export duty on cotton, custom duty, central excise duty and any other tax which is levied by the federal government will go to Khyber Pakhtoon Khawa government to meet the war against terrorism expenses.
BOSTON CAPITAL closed its Boston Capital Tax Credit Fund XXXII, a nationally diversified portfolio of 36 affordable apartment communities in 16 states with a total fund size of $224.5 million.
It also approved the agreement with Greece on avoiding double taxation and prevention of tax evasion with regard to the capital tax.
38/2009 ratifying agreement on avoidance of double taxation and tax evasion with regard to income and capital tax between government of Sultanate of Oman and government of Uzbekistan.