capital gains tax

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  • noun

Words related to capital gains tax

a tax on capital gains

References in periodicals archive ?
After that time, UK residents will be required to file a return and make a payment on account of their capital gains tax liability on the disposal within 30 days of completion or conveyance of the property.
"Since only very few face capital gains taxes, it would not be right to adjust the tax rate on stock transactions," it said in the response paper.
It may seem odd, but the income ranges long-term capital gains tax brackets look rather different than those for ordinary income and short-term gains.
The capital gains tax of 10% was imposed in 2015, but the failure to properly apply it had a negative effect on investments in the stock exchange, which forced the government to postpone it for a period of two years, ending on 17 May 2017.
If an investor sells the stock, they'd have to pay about $7,140 in tax on the $30,000 gain (based on the 20% capital gains tax and 3.8% Medicare surcharge).
For the first two years, the tax rate will be 7.5 per cent (or 50 per cent of existing short-term capital gains tax).
With the amendments, announced by Finance Minister Arun Jaitley on Friday, investors based in Singapore will no longer benefit from tax exemptions on capital gains taxes.
The DFA records, which date to 2005, show there were five other years when more than 100,000 Arkansans paid state capital gains taxes: (2005) 141,825; (2006) 145,220; (2007) 162,751; (2008) 104,368; and (2012) 107,131.
The second issue to mention, and another that will help other readers, is that you are correct when you say that some expenses incurred in the improvement of a property are allowable as a deduction when assessing the profit made for capital gains tax purposes.
Following the Chancellor's autumn statement, HM Revenue & Customs has launched a consultation which aims to ensure that non-UK residents pay capital gains tax (CGT) on UK residential property disposals.
KARACHI -- Finance minister Ishaq Dar has given indication not to increase tax ratio including capital gains tax on shares business.
At time of writing, details were unconfirmed; a consultation on how best to introduce the new Capital Gains Tax (CGT) charge will be published in early 2014.
But Mrs Hodge questioned why the estate should be exempt from corporation tax and capital gains tax, when comparable organisations would be liable.
THE failure to merge income and capital gains tax rigs the system in favour of the wealthy.