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 ?

This lowers capital tax rates in both periods, which increases the income of capital owners.

International tax competition and the deficit bias

The level effect is the only effect present, so a higher degree of democracy leads to a lower capital tax.

Political institutions and the governmental burden on businesses

This low standard deviation, which quantitatively expresses the influence of the ITRC on the capital tax quota, is invariable.

Taxes on capital in Europe--paired regression analysis

New York City is not phasing out the capital tax base.

New York State and New York City corporate tax reform

The capital tax view recognizes explicitly that property is taxed economy wide, albeit at different rates.

Distinguishing between the capital tax view and the benefit view of the property tax at the local level

The resulting cuts to the capital tax and Ontario CIT have been substantial: $3.

Hiding in plain sight: the harmful impact of provincial business property taxes

i,v,s] be the corresponding capital tax rate imposed by region v for foreign investment in sector s.

Foreign direct investment liberalization between Canada and the USA: a CGE investigation

And he had used Capital Tax Services - a fake financial advisory firm - to process the payments.

REVENUE WORKER CREAMED OFF pounds 120k; Fraudster faces jail

As President of TEI, I am writing to recommend that the Ontario government adopt a tax policy change that will, in a single stroke, improve the efficiency of the unified administration of the federal and Ontario corporate income tax systems and advance all three shared priorities: Accelerate the scheduled repeal of Ontario's capital tax to no later than taxation years beginning on or after January 1, 2009.

TEI urges Ontario to accelerate repeal of capital tax: TEI's March 8, 2007, letter to Ontario Minister of Finance Greg Sorbara was prepared under the aegis of TEI's Canadian Income Tax Committee, David M. Penney of General Motors of Canada Limited, Chair. Contributing substantially to the development of TEI's comments was Winston C.K. Woo of AGS Automotive Systems

With an upper bound imposed on capital income tax rates, optimal fiscal policy continues to be surprisingly stark, with the optimal capital tax rate set at confiscatory levels for a finite number of periods, after which the tax takes on an intermediate value between 0 and 100 percent for one period, and is zero, thereafter.

Stark optimal fiscal policies and sovereign lending

The elimination of the federal capital tax this year;

Mining association endorses federal budget

Clay Shaw Thomas used its expertise and experience to harness the government's venture capital tax reliefs, resulting in maximum benefits for both Inetec and its investors.