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Topic: Capital gain tax


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  Capital gains tax rates - Tax Q and A
Capital gains on assets held for more than a year are taxed at a reduced tax rate of 10%.
Capital gains on assets held for a year or less are taxed at your ordinary income tax rate (anywhere from 28% to 39.6%, depending on your specific ordinary tax rate).
Capital gains on assets held for more than a year are taxed at a reduced tax rate of 20%.
www.fool.com /taxes/2000/taxes000310.htm   (1072 words)

  
  Capital Gains Tax, What Is Capital Gains Tax, Short-Term Capital Gains, Long Term Capital Gains, Capital Gains For ...
The capital gains tax is different from almost all other forms of taxation in that it is a voluntary tax.
Another unfairness of the tax is that individuals are permitted to deduct only a portion of the capital losses that they incur, whereas they must pay taxes on all of the gains.
Capital gains are literally the appreciation in the value of an existing asset.
finance.indiamart.com /taxation/capitalgains.html   (636 words)

  
  Calculate Cost Basis to Determine Capital Gain - American Century   (Site not responding. Last check: )
Capital gains from shares owned for 12 months or less are short term.
Beginning in 2011, your long-term capital gain tax rate will be 10% for shares that you owned for more than 12 months but for five years or less, and 8% for shares that you owned for more than five years.
Beginning in 2011, your long-term capital gain tax rate will be 20% for shares that you owned for more than 12 months but for five years or less, and 18% for shares that you owned for more than five years.
www.americancentury.com /workshop/articles/calculate_cost_basis.jsp   (526 words)

  
 Capital Gain Tax
Since 1 997, a portion of a gain made on the sale of your principal home has been excluded from CGT, so homeowners can avoid tax on a gain of up to $250,000 for a single person and up to $500,000 for a married couple filing jointly.
If your gain exceeds the exclusion amount, it’s subject to CGT as a long-term capital gain, even if you intend to buy a new residence at a price exceeding the sale price of the old residence.
Gains from collectibles such as works of art, antiques, rugs or coins, however, remain subject to the 28 per cent maximum rate.
www.sitzone.com /capital-gain-tax.html   (721 words)

  
 Tax Facts About Capital Gains and Losses
Capital gains and losses are reported on Schedule D, Capital Gains and Losses, and then transferred to line 13 of Form 1040.
Capital gains and losses are classified as long-term or short-term, depending on how long you hold the property before you sell it.
The tax rates that apply to net capital gain are generally lower than the tax rates that apply to other income and are called the maximum capital gains rates.
www.irs.gov /newsroom/article/0,,id=106799,00.html   (349 words)

  
 Tax Topics - Topic 409 Capital Gains and Losses
When you sell a capital asset, the difference between the amount you sell it for and your basis, which is usually what you paid for it, is a capital gain or a capital loss.
Capital gains and deductible capital losses are reported on Form 1040, Schedule D (PDF).
If your capital losses exceed your capital gains, the amount of the excess loss that can be claimed is limited to $3,000, or $1,500 if you are married filing separately.
www.irs.ustreas.gov /taxtopics/tc409.html   (457 words)

  
 Capital gains tax rates -- a look at all the variables (Page 1 of 2)
Currently, capital gains may be taxed at 5 percent, 15 percent, 25 percent or 28 percent, or a combination of rates.
These tax levels are known as long-term capital gains and apply to assets that you hold for at least 366 days (more than one year).
Now capital gains and qualified dividends will continue to be taxed at 15 percent (or 5 percent for lower-income taxpayers) through 2010.
www.bankrate.com /brm/itax/tips/20010305a.asp   (650 words)

  
 Capital Gain Tax and Losses - Using TaxACT Software
When you sell a capital asset, the difference between the amount you sell it for and your basis, which is usually what you paid for it, is a capital gain or a capital loss.
The highest capital gain tax rate on a net capital gain is generally 15% (or 5%, if it would otherwise be taxed at 15% or less).
If your capital losses exceed your capital gains, the amount of the excess loss that can be claimed is limited to $3,000, or $1,500 if you are married filing separately.
www.taxact.com /reference/topic-capital-gain-tax.asp   (596 words)

  
 Capital Gain Tax Calculator
Gain may best be described as the amount on which capital gain tax is levied.
Gain is not the profit or the equity from the sale, therefore, it is possible for an investor to have little or no equity or profit upon sale and still owe capital gain taxes.
Investors should consult with their CPA or tax advisors prior to entering into an exchange to determine gain, however, this formula is a guide to estimate the potential capital gain tax.
www.eie1031.com /calc.html   (80 words)

  
 #1 Loans USA, Real Estate Tax, Capital Gain Tax Real Estate, Real Estate Tax Sale
Capital gains can get confusing when you have more than one property and you are looking to sell them both at the same time.
Since the federal income tax system works as a pay as you go program it is easy for you to adjust the amount that is withheld from you each year.
Tax exemptions are something that anyone can use to lower their taxable income and it does not matter whether you are using the standard deduction or itemized deductions.
www.1loansusa.com /tax/taxmain.html   (1842 words)

  
 Capital Gains Tax Changes
Gains on assets held for a year or less are taxed at your ordinary income tax rate (in this case 15%).
Gains on assets held for more than a year are taxed at a reduced tax rate of 10%.
Gains on assets held for a year or less are taxed at your ordinary income tax rate.
wp.netscape.com /finance/taxes/tax_basics/capgainchanges.html   (811 words)

  
 Spartanburg SC | GoUpstate.com | Spartanburg Herald-Journal   (Site not responding. Last check: )
Capital gains occur in both real assets, such as property, as well as financial assets, such as stocks or bonds.
Appreciated capital assets that are sold after being held less than one year (short-term capital gain) will be taxed as ordinary income, which rises as high as 35% in the progressive tax system.
In taxation in the United States, capital gains are subject to capital gains tax, but if a taxpayer has suffered from capital losses in the same year, he can offset the gains with the losses to reduce his taxable income.
www.goupstate.com /apps/pbcs.dll/section?category=NEWS&template=wiki&text=capital_gain   (459 words)

  
 Compare Capital gain tax uk providers, find Capital gain tax uk information and reviews
One of the special property CGT reliefs comes to our aid here, because apart from the factual period of main residence, the last 36 months of ownership is also treated as though it was main residence, even though it may not have been, typically because it was let.
Tax on property that’s not your main home: You will normally have a chargeable gain if your property is worth more than you paid for it when you sell or dispose of it.
Capital gains is unlikely to be a concern.
www.financedemon.co.uk /result/keyword/capital-gain-tax-uk.xhtml   (4513 words)

  
 Cadbury Schweppes plc | investor centre | shareholder information | tax informat
The Australian tax rules governing capital gains tax (CGT) on the disposal of shares are complex and depend on the precise circumstances that apply in each case.
The UK tax rules governing capital gains tax (CGT) on the disposal of shares are complex and depend on the precise circumstances that apply in each case.
The capital gain of a non-corporate United States holder is generally taxed at a maximum rate of 15% where the property is held more than one year.
www.cadburyschweppes.com /EN/InvestorCentre/ShareholderInfo/TaxInformation/capital_gains.htm?WBCMODE=PrdeUKGradRecdetdetail.htmdetail.htmdetail.htmwebcastlist.htm?printable=true   (630 words)

  
 H&R Block - Tax Rate Tables - Maximum Capital Gains
Gains from capital assets held over five years and acquired after 2000 (or property held over five years and for which the taxpayer made the Section 311 election on 2001 Schedule D).
Gain from property sold before May 6, 2003, and held five years or less to the extent taxable income is taxed at 10% or 15%.
Gain from property sold before May 6, 2003, if held over five years to the extent taxable income is taxed at 10% or 15%.
www.hrblock.com /taxes/tax_calculators/rate_tables/maximum_capital_gains.html   (190 words)

  
 Capital Gains Tax-RateEmpire.com
A capital gains tax or CGT is one which is charged on capital gains which is the profit realized on the sale of an asset that was originally purchased at a lower price.
The tax rate on long-term gains was reduced in the year 2003 to 15%, and to 5% for individuals in the two lowest income tax brackets.
Short-term capital gains however are taxed at a higher rate which is the ordinary income tax rate.
www.rateempire.com /tax/capital_gains_tax.html   (621 words)

  
 Explanation of the Capital Gains Tax and Related Issues - InvestorGuide University
Long-term capital gains are gains on investments held for more than a year, while short-term capital gains are gains realized on investments that are held for a year or less.
Short-term capital gains are taxed according to your income tax bracket and long-term gains are taxed at 20% if you are in the 28% or higher tax bracket, and only 10% if you are in the 15% bracket.
The tax status (short-term or long-term) of capital gains distributions is determined by the period of time that the mutual fund held the underlying security that was sold, not by how long you were invested in the fund.
www.investorguide.com /igutaxinv.html   (1076 words)

  
 Capital gains tax rates -- how to know which capital gain rate you will pay (Page 2 of 2)
This most-widely-paid capital gains tax rate applies to long-term investments by individuals in the 25 percent or higher tax brackets.
When you hear "lower capital gains rate," it generally means this level, because there are few investors with incomes low enough to qualify solely for the 5 percent rate.
You'll have to complete the worksheet in the instructions for Schedule D to figure your gain (and tax rate) for this asset, known as Section 1250 property.
www.bankrate.com /bosre/itax/news/taxguide/review-rates2.asp?caret=11   (658 words)

  
 What are the Capital Gain Tax Rates?   (Site not responding. Last check: )
Generally (for individuals), if you have held the asset for less than 12 months, then any capital gain will be taxed as ordinary income (that is, the gain will be taxed at your applicable income tax rate).
Capital gains on assets in this new category will be taxed at a further reduced rate of either 8% (for those in the 15% and new 10% brackets) or 18% (for all others).
Long-term capital gains through December 31, 2008 will be taxed at 5% for investors in the 10% or 15% rate brackets.
www.costonandmcisaac.com /hints/cap_gain_rates.htm   (379 words)

  
 CAPITAL GAINS TAX RATE INFORMATION
If the above taxpayer waited and sold that capital asset in the years 2008, 2009 or 2010, and was in the 10% or the 15% income tax bracket, then for those years only, the taxpayer would pay ZERO federal income tax on the capital gain.
The remainder of the capital gain is taxed at the 15% capital gain tax rate.
Capital gains tax on assets held over 12 months will be 20%, the same as it has been since 1/1/1998, except for certain assets purchased after 1/1/2001, or on assets where the specific tax election is made as of 1/1/2001 and the tax paid at that time.
www.sanderscpa.com /capital_gains_tax_rate_informati.htm   (1096 words)

  
 Capital Gain Tax Calculator
Gain may best be described as the amount on which capital gain tax is levied.
Gain is not the profit or the equity from the sale, therefore, it is possible for an investor to have little or no equity or profit upon sale and still owe capital gain taxes.
Investors should consult with their CPA or tax advisors prior to entering into an exchange to determine gain, however, this formula is a guide to estimate the potential capital gain tax.
www.aplusnetdesign.com /eie1031/calc.html   (80 words)

  
 Thrivent Financial for Lutherans - Planning: Tools and Services
Capital gains (if required) for equity and bond funds are generally paid after fiscal year end and before calendar year end.
If dividend and capital gain distributions are taken in cash on a qualified account, this is considered a distribution from the IRA or 403(b) and may be a taxable distribution.
Long-term capital gain (held more than one year) distributions are taxed at long-term capital gains tax rates; distributions of short-term capital gains (held one year or less) are taxed at the same rates as ordinary income.
www.thrivent.com /planning/taxinfo/mutual_funds/qa.html   (1330 words)

  
 Capital gains - baltimoresun.com
The 1986 elimination of the capital gains differential was ironically part of the tax reform brought in by the Reagan administration.
To compound the irony, the capital gains differential, the darling of Republicans, was restored under the Clinton administration.
The fact is, most homeowners never paid tax on the gain from the sale of a home, and the '97 tax act eliminated tax for most home sellers who were not covered by the old rules.
www.baltimoresun.com /business/sns-taxes-capgains,0,5222395.htmlstory   (828 words)

  
 1031 Exchanges - LakePlace.com
A 1031 tax deferred exchange is an investment tool utilized by a property owner to save thousands of dollars in capital gain taxes.
It is this distinction that is the difference between paying capital gain taxes on a sale and purchase of property and deferring capital gain taxes with a 1031 exchange.
After paying capital gain taxes the investor only has $65,000 to reinvest, where as, if the investor engages in a 1031 exchange the investor has the full $100,000 to reinvest.
www.lakeplace.com /about/1031-exchanges   (471 words)

  
 Recapture of Depreciation Deductions
If you have a capital gain on any depreciable personal property other than real estate, you must report all or part of the gain as ordinary income to reflect the amount of depreciation, and any first-year expensing deductions that were claimed on the asset.
So, if you realize a capital gain on the disposition of real estate after that date, you must report all or part of the gain as "recaptured" income to reflect the amount of depreciation, claimed on the asset.
If the total gain realized is more than the amount that must be recaptured, the excess may be reported as a capital gain (with its lower rate) provided that the asset has been held for more than one year.
www.uschamber.com /sb/business/P07/P07_3006.asp   (730 words)

  
 Israel capital gain tax - The WorldWide-Tax.Com
A capital gain is the profit created on the sale of equipment that is not trading stock of the business, so, for example, if your business is a law office and you sell a computer at a profit, the profit is a capital gain.
The law makes the payment of an advance on income tax compulsory on a capital gain within 30 days of the date on which the asset is sold.
A real capital gain may be offset against a business loss in the year in which the gain was created, or against a business loss in previous years.
www.worldwide-tax.com /israel/isr_capital.asp   (404 words)

  
 Calculating Capital Gains Tax - LakePlace.com
Upon the sale of a property, other than your primary residence, one may incur a tax liability in the form of capital gains tax.
Capital gains tax is paid on the capital gain, not equity or profit.
Once you have figured out your capital gain, multiply the capital gain by the applicable state and federal capital gains rates to determine your estimated tax liability.
www.lakeplace.com /about/capital-gains   (374 words)

  
 1031 Real Estate Exchange : Capital Gains and Real Estate : 1031 Exchange Services   (Site not responding. Last check: )
Gain is caused by taking depreciation deductions for tax purposes or by the property appreciating in value during its ownership.
A Section 1031 tax deferred exchange, named for the Internal Revenue Code Section it refers to (also known as a Starker Exchange, Tax Free Exchange, or Like-Kind exchange), allows an exception to the real estate capital gains tax.
A 1031 and the Capital Gain tax rule is not a tax loophole.
www.ixg1031.com /1031-exchange/what.php   (585 words)

  
 Capital Gain Tax
We are at the moment in a complicated transition period when it comes to the calculation of capital gains, due to new legislation from June and December 1996, and the application methods of these laws.
Again, the residents have advantages: The capital gains become part of their income tax for the year of sale (unless the gains are used for reinvestment in a new permanent dwelling), with a roof of 20% tax on the gains.
Are the taxes to be paid substantially less than the sum retained, he must submit an application to the Hacienda to have the difference devolved.
www.graysworld.co.uk /spanish-property/capital-gains-tax.htm   (1757 words)

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