Here we explore the basics of CGT; what it is, how it's calculated, whether it applies to your main residence and that all-important Six Year Rule. Let's dive in. What is Capital Gains Tax? When you sell your property, you either make a capital gain or capital loss, which is the...
there are office REITs, retail REITs, hotel REITs, and others). The rental returns of these properties are paid out as dividends to investors, and units in REITs can be bought or sold on a stock exchange. This is much less capital intensive and liquid than buying physical property...
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Capital gain is the profit earned from selling assets like houses, land, or shares. Learn our guide covers property sales, types, taxation insights, and expert tips for precise financial planning in India, including the 2024 capital gains tax rate.
and Short Term Capital Gain based on the time of holding ( purchase date and sale date), on the type of assets such as property or Gold or stocks or equity Mutual Funds. Generally, the rules for classifying short and long-term capital gains are as follows. The image below shows the ...
In the current US tax system, capital gains are taxed at a lower rate than ordinary income. What does that mean for the sale of IP and intangible assets? Is it possible to convert ordinary income to capital gain by changing the form of the transaction?This article will address anomalies ...
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You only would need to claim the amount of gain you realized which is the difference between the amount of income you claimed and what you sold it for. A gain typically would be taxable, but a loss would generally not be deductible. You’re simply selling something you now own, just as...
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Indeed, there have been cases where the Inland Revenue Board (IRB) has initially raised an RPGT assessment, but subsequently decided that the gain was revenue in nature. In such cases, the courts have consistently held that the IRB was entitled to change its mind and subject the ...