A tax on the increase in the value of assets - capital gains - realised in a given tax year.
is a tax on the profit obtained when selling an asset (most homes and motor vehicles are exempt from this).
Capital Gains Tax is a tax levied on assets that gain in value More Capital Repayment Mortgage - A Capital Repayment Mortgage ensures that you have paid off the mortgage at the end of the term More
The tax levied on gains from the sale of capital assets.
This tax applies to the gain arising from the disposal of most assets (excluding the principle residential home) acquired after 19 September 1985.
A tax applied to individuals and companies on their capital gains.
tax assessed on profits realized from the sale of a capital asset, such as stock.
A tax on gains made when you sell assets - things like shares, a holiday home or an oil painting. If you buy an asset or investment then later dispose of it for more than you paid for it, you are said to have made a capital gain. Make enough gains in one particular tax year and you will be liable for capital gains tax (CGT).
This is a tax chargeds on certain capital gains.
Spread trading exempts clients from paying any capital gains tax under current laws.
This is a new prospective tax on capital gains. It was implemented in October 2001.
If you own an asset that has gone up on value which you sell for a profit, you may need to pay Capital Gains Tax (CGT). On its most simple level, CGT is the tax payable on the increase in value of an asset over the period it is owned, after making adjustments for inflation and other factors. (see Capital Gains Tax - Calculations.) CGT is not strictly the same as Income Tax, although it is dealt with at the same time. Gains are treated as the individual's top slice of income and charged at 10%, 20% or 40% depending on the level of income
Tax paid on the profits or gains made from the sale of fixed assets.
Capital gains tax (CGT) is the tax which you may have to pay if you sell shares at a profit. See Inland Revenue in useful links.
A tax on the increase in the value of an asset, such as a share, since you bought it.
The tax an individual is liable to on realised capital gains which accrue in a year of assessment during any part of which the individual is resident in the UK.
tax applicable to gains realized from the sale of capital assets, including real estate and stocks.
tax on the income made from sales of real estate or stock.
A tax that applies when an asset is sold for more than its original purchase price. The tax applies to the "gain" that has occurred, but the taxpayer is not allowed to adjust for inflation.
Income tax levied on the realized capital gains when assets are sold or otherwise disposed of.
A provision in the federal income tax law that previously subjected profits from the sale of capital assets to less tax than would be required for ordinary income.
The tax imposed upon profits realized from the sale of financial assets that have increased in value since they were acquired
Capital Gains Tax is a tax on capital 'gains'. If when you sell or give away an asset it has increased in value, you may be taxable on the 'gain' (profit). To learn more about UK CGT the Directgov Money, Tax and Benefits website is a good starting point. All the countries where Arc Property currently offers properties have double taxation agreements with the UK (and most western countries) so you will not be liable to pay tax in both jurisdictions.
a tax on the gains of an investment, payable only when the investment is sold or disposed of in some other way.
The tax paid on the profit after the sale of an asset. CGT, as it is commonly known, applies to assets (with some exceptions, notably your principal place of residence) acquired after 19 September 1985. CGT is generally payable on profits made at the time of sale. Generally 50% of such profits will be exempt from tax where the asset has been held for at least 12 months. Working out the CGT implications of your investments is a complicated process. Each time you acquire, sell or transfer all or part of an investment, you must keep careful records.
If you sell an investment for more than you have paid for it, the profit you make is called a capital gain. CGT is the tax payable when a capital asset is sold or given away and a gain or profit has been made.
This is a tax levied on the sale of assets like shares and second properties. If you buy an asset, then sell it on and make a profit, you will be liable to pay CGT, if you make more than a certain amount of money in this way in any given year.
a tax on the rise in the price of an asset
a tax on the gains of an investment, payable only when the capital gain is realised by selling the investment
Tax payable on investment profits over £8,800 realised in the current tax year.
a Federal tax on any profit you make on the sale of an asset acquired and sold after September 1985 (but does not include the primary residence).
A tax levied on profits from the sale of certain assets that were acquired usually after 19 September 1985. (see also Bond trusts, Property trusts, Investing in shares and Investing in property)
A tax on the profit obtained from the sale of capital assets.
A tax payable on the actual or 'deemed' gain or profit made on the disposal of an asset. A disposal includes gifts and the transfer of assets into a settlement. Close
A tax on gains made when you sell assets - for example some shares in a company or a holiday home. -There is an annual amount you can gain each year without paying Capital Gains Tax (the annual exemption).
A tax which is paid on the net increase in value of an investment. The tax is only paid when the investment is sold and the gain exceeds your annual exemption, which is currently £8,500 (2005/06). The tax is charged at the highest rate of Income Tax you pay. ISA and PEP investments are free of CGT.
A tax on the gain in value of a property or financial investment - your main private residence is exempt. (see taxation)
The tax paid on profit made from the sale of shares, commodities, property or land
Tax paid on the profit made on selling an asset for more than its original purchase price, i.e. the capital gain.
Arises when an investment is sold at a higher price than originally paid.
Federal tax on your monetary gain from the sale of an asset (applies if asset bought and sold after Sep 1985)
Tax payable on profit arising from appreciation in value of investment, realized at the time of selling or maturity of investment.
A levy on any profit over £7,700 made by disposing of shares or similar assets. The rate depends on the level of your income liable to income tax.
Tax on the profits resulting from the sale of a security in which a profit was made.
is levied on the capital profit made on the sale of assets acquired after 20 September, 1985. It is only levied when an asset is disposed of and cost value is adjusted for inflation. The family home is generally exempt. The rate of tax payable depends on your marginal tax rate in the year of sale (i.e. financial year to 30 June). After 1/10/99 only 50% of gain taxed if the asset is held for longer than twelve months, and there is no inflation allowance as with previous method until that date. Consult your accountant/financial planner on ways and means of minimising any capital gains tax liability.
A tax placed on the profits made from the sale of capital assets, including houses and other real property.
(added July 2002) Capital Gains Tax (CGT) was introduced in 1965. Individuals, trustees and personal representatives are potentially liable. Most of the CGT rules apply to Companies. However, Companies do not pay CGT, but instead pay corporation tax on chargeable gains on the disposal of assets. It is charged on total chargeable gains in the tax year, after certain deductions (if available), e.g. allowable losses, taper relief and the annual exemption. The main CGT rules are contained in the Taxation of Chargeable Gains Act 1992. UK residents and ordinary resident individuals are liable on all gains, wherever they arise. However, if they are also non-UK domiciled, they are generally only liable to CGT on gains brought into the UK.
Tax paid to the Inland Revenue on any increase in the value of your savings or investments. The tax is payable on the capital profits you make when you sell your units/shares*. There is an annual exemption limit; for the current tax year this is £8,200.
A tax on the increase in the capital value of investments, payable when the capital gain is realised. Capital gains tax is indexed so that nominal increases in value due to inflation are not also taxed.
See Capital Gain.
The tax paid on the profit after the sale of an asset. CGT applies to assets acquired after 19 September 1985. CGT is a tax payable on profits made at the time of sale. If an asset has been held for a period of at least 12 months before being sold, 50% of the profit will be tax exempt for individuals.
A tax on the income (gain) resulting from changes in the market value of an asset.
You may have to pay capital gains tax on any profits over a set allowance when you sell assets such as shares or property. You are allowed to make gains up to a certain amount each tax year which are exempt from tax. For the 2005/2006 tax year it is £8,500. Everyone has their own allowance so couples can make gains before they have to pay the tax. If your profits come to more than your allowance you only have to pay tax on the excess over the tax free limit. Some gains you make are exempt from capital gains tax. These include gains from the sale of your car, Personal Equity Plans and Individual Savings Accounts. Also, you do not have to pay capital gains tax when you sell your home provided certain conditions are met.
Tax enforced by the government on profits of capital gain. When you increase the value on your assets, like stock, the government is there to make you pay a CGT.
A tax charged on gains arising from the sale of assets. There is a CGT exemption limit set each tax year and any gains up to that will not be taxable.
Tax payable to the Inland Revenue from the sale of property or other assets.
A tax on investment profits. Spread betting winnings are free of any UK Capital Gains Tax under current laws.
A capital gains tax is due on profits you realize on the sale of a capital asset, such as stock, bonds, or real estate. Long-term gains, on assets you own more than a year, are taxed at a lower rate than ordinary income while short-term gains are taxed at your regular rate.
An income tax on the increase in value of property that occurs between the time of acquisition and sale. The increase in value is called appreciation. The tax is not imposed until the property is sold. The actual amount of the tax varies depending upon the type of property and the length of time the property has been owned. Owners of appreciated property may avoid this tax through charitable giving.
This is a tax â€“ currently up to 40% - on any profit you make on an investment, over and above a certain level set each tax year by the Chancellor. If you sell a property in which you were living, there is no Capital Gains Tax to pay, regardless of how much profit you make. However, you may have to pay the tax if you make any profit on the sale of a second property, such as a Buy to Let.
The tax you pay when you sell investments at a profit
Under current UK legislation, all profits made via financial spread betting are free of CGT
Tax assessed on a capital gain. If the asset was held for longer than one year the tax is 15%, if held less than one year, then the tax is the same as the owner's income tax rate.
a tax on the profit earned when a property is sold.
(CGT) This is paid on a profit attained upon sale of an asset. A capital gain is earned when an asset (usually shares) is sold for a higher price than it is bought for. CGT is likely to have to be paid when an endowment is sold in order to pay the mortgage capital at the end of the mortgage term.
A federal tax on the appreciation in an asset between its purchase and sale prices.
Gain realized from the sale of property that has been held for more than one year is considered a capital gain and is subject to a capital gains tax. When a donor contributes such property to a qualified charitable organization, he/she avoids the capital gains tax.
Capital gains tax is levied on profits individual investors obtain by selling shares. At present, investors can either file an income tax return to pay 26% of the profit on stock sales, or have 1.05% of the transaction amount withheld at the time of sale, regardless of whether capital gains are generated or not. According to a plan drafted by the ruling coalition in October 2001, the withholding tax option will be abolished in January 2003 and the tax rate for the filing option will be lowered to 20% for listed stocks. A carry-forward system for stock trading losses will also be introduced to encourage individuals to invest in stock. It will allow losses to offset profits for three years beginning the year after the system begins. For three years beginning in 2003, the tax rate on capital gains from sales of listed shares held for more than one year will be reduced to 10%. Profits on the sale of up to 10 million yen in listed shares purchased by the end of 2002 will be exempt from taxation if earned from 2005 through 2007.
Tax payable on the increase in the capital value of an asset between the time of purchase and the time of sale.
A tax which may be payable when certain assets are sold at a higher price than they were purchased at.
A tax that is assessed on the difference between the cost basis (the original amount of purchase) of an asset and its fair market value. The current capital gains tax rate is 15% for most types of investment property.
When a fixed asset is sold at a profit, the profit may be liable to a tax called Capital Gains Tax. Calculating the tax can be a complicated affair (capital gains allowances, adjustments for inflation and different computations depending on the age of the asset are all considerations you will need to take on board).
the tax on any gain you make when you sell an asset such as shares, units in a unit trust and property, excluding most homes and motor vehicles.
income tax payable to the Bureau of Internal Revenue for the sale, transfer, or other disposition of real estate classified as capital asset.
Upon the sale of aÂ unit trust holding or a holding within anÂ OEIC, an investor may have to pay tax on the increase in the capital value of the investment. Investments in aÂ PEPÂ /Â ISA are currently exempt from Capital Gains Tax (CGT).
A Federal Government tax on the monetary gain made on the sale of an asset bought and sold after September 1985.
A charge to capital gains tax (CGT) may arise when you dispose of an asset which is worth more than it was when you acquired it. If you make a loss this can reduce any CGT you have to pay on sales of other assets. You are liable to pay tax on the total chargeable gains arising on disposals you make in any one tax year (after various reliefs have been given) in excess of the annual exemption limit.
This is a federal tax payable on profits made from the sale of a variety of assets (including investment properties). Assets purchased prior to 1985 are exempt. Your principal place of residence (where you live), providing it has never been rented out or used for business purposes, is also exempt.
Tax paid on any capital gains realised in a tax year, over and above the capital gains tax exemption limit for that year. It is charged at the taxpayer's marginal or top rate of tax.
A tax on the increase in value of assets sold in a particular year.
A Federal Government tax payable for monetary gains on the sale of assets
A tax on the realised value of capital gains. Applies only to individuals (a company may be liable to Corporation Tax on such gains).
A tax levied on capital gains on assets acquired after 20 September 1985. Your home is exempt.
CGT is a tax on capital gains. Most countries have a form of income tax under which they tax the profits from trading and a different tax to tax substantial disposals of assets either by traders for whom the assets are not trading stock (e.g. a trader's factory) or by individuals who do not trade (e.g. sales of shares by an investor). The latter type of tax is a capital gains tax.
The taxable profit derived from the sale of a capital asset. The capital gain is the difference between the sale price and the basis of the property, after making appropriate adjustments for closing costs, fixing up expenses, capital improvements, allowable depreciation, etc.
Tax on the increase in value gained on the disposal of assets such as shares and property, less any applicable capital losses.
The tax you pay on the increase in value of an asset when you sell it, compared with its value when you bought it. It is basically a tax on investment profits. The current CGT rate starts at 40 per cent, but the Government has introduced lower tax levels according to how long you hold onto to your investments. This is known as taper relief. The longer you hold, the less tax you pay. Each year we're allowed to make a certain level of capital gains before we start becoming liable for CGT. For the 2000-2001 tax year the limit is £7,200.
A tax on the profits from the sale of assets. This tax applies to profits from the sale of shares, bonds, land recreational and investment properties and personal assets like jewelry, stamps or art. The federal government taxes 50% of any capital gain at the rate at which the rest of your income is taxed.
Tax charged on capital gains that you have made.
The tax due as a result of selling an asset that has appreciated in value, creating a capital gain. Short-term capital gains are those that result from the sale of an asset held for less than one year. Long-term capital gains are gains that have resulted from the sale of an asset held for more than one year. When donating assets, look first to long-term capital gains assets-they're deductible at their full fair market value.
A tax placed on the profits from the sale of real estate or investments.
Tax payable by individuals on profit made on the disposal of assets.
A Federal Government tax on the monetary gain made on the sale of an asset. For further information, please refer to the Australian Taxation Office web site.
Capital gains tax is payable on the sale of investment assets normally. Different rules applicable in different countries and states. Again, it is a good idea to seek professional advice to get accurate details that is applicable to you.
A tax levied on net gains of an individual in a tax year provided any gains exceed the current exemption. Husband and wife pay the tax separately and have separate allowances.
In France, capital gains are not taxed unless the sum total of shares sold during the year is more than €15,000 per household. In this case, net total capital gains is taxed at a rate of 16% to which is added 11% for French social security contributions (Contribution Sociale Généralisée - CSG) finances the national health service and Contribution au Remboursement de la Dette Sociale (CRDS) finances previous health service deficits.
A tax paid on the gain made on the property when it is sold.
The amount of tax you are liable to pay on the total gains which arise on disposals you make (after various relief(s) have been given) in any one tax year.
The tax payable on the disposal of an asset (e.g. shares and investment properties).
A tax on capital gains, which are the difference between proceeds from the sale of a capital asset and the original cost of that asset.
A capital gain arises when an asset is sold for an amount in excess of its original purchase price, however only the increase in value after 1 October 2001 will be subject to tax. The profit, or the difference, is the capital gain.
A tax applied on the increase in the capital value of an investment that is payable when the investment is sold.
The tax payable on the profits made when you sell or otherwise dispose of an asset. Each person in the UK has a CGT allowance, allowing them to make a certain amount of capital gains each tax year before any tax starts to be payable.
A capital gain is when you sell an asset like shares in BCE for more than you paid for them. In Canada and many other countries, you have to pay a tax on the gain you make when you sell. This is a capital gains tax. You should consult a tax advisor for more information on your personal tax situation.
The tax placed on the profit made from selling a home. The IRS taxes your capital gain, which is the profit you make when you sell your home or other investment. As long as you have lived in your home for at least 2 of the 5 years prior to sale, you can benefit from the following capital gains tax breaks: if you're single or widowed, you can pocket the first $250,000 gain tax-free. If you're married, you take away the first $500,000 without paying any tax. Any profit left over will be taxed at a 20% rate.
Tax on the gain realized from the sale of capital assets such as stock, mutual funds, business interests, or other asset. Long-term capital gains tax rates apply to assets held longer than 12 months.
When you sell a capital asset such as a property or shares, the profit is treated as a capital gain rather than income and is subject to Capital Gains Tax. This is the difference between the base cost (ie. the acquisition cost) and the value realised on disposal. Capital Gains Tax is charged at 40 per cent of the amount of the gain. In the period to 4 April 1998 the amount of the gain was reduced by indexation allowances. For disposals after 5 April 1998 there is to be a taper which will reduce the gain according to the length of time the asset has been held after 5 April 1998. The taper relief is more generous for business assets. Capital losses may be offset against gains and individuals have an annual exemption (£7,200 for 2000/1).
The government's way of getting a slice of your financial good fortune by taxing you on the increased value of your assets. For the tax year 2004-2005 CGT kicks in when you have made more than £8,200 in taxable gains. Some assets, including your main home, are exempt from CGT.
Taxes placed on profits from the sale of investments or real estate. (US tax)
a tax on the increased value of assets, paid when the capital gain is realised
You may have to pay capital gains tax on any profits over a set allowance when you sell assets such as shares or property. You are allowed to make gains up to a certain amount each tax year which are exempt from tax. For the 2006/2007 tax year it is £8800. Everyone has their own individual allowance so it may be possible for couples to make a combined gain of £17600 before they have to pay the tax - although each individuals circumstances are considered seperately. Some gains you make are exempt from capital gains tax. These include gains from the sale of your car, Personal Equity Plans and Individual Savings Accounts. Also, you do not have to pay capital gains tax when you sell your home provided certain conditions are met. The above is based on our understanding as at August 2006, of current taxaxtion, legislation and HM Revenue & Customs practice, all of which may change without notice. The impact of taxation (and any tax relief) depends on individual circumstances.
Tax on profits from the sale of capital assets. In Canada, 50% of capital gains are taxable at your personal tax rate.
When an investment is sold for more than has been paid for it, it makes what's called a capital gain. If the capital gains amount to more than a specified amount in each tax year, tax may have to be paid on those gains. You may reduce your CGT liability by investing in certain kinds of investments that are not liable for CGT.
Tax paid on profits realised from selling assets. In the UK there is an annual exemption limit. CGT is paid at the investor's highest marginal tax rate, adjusted for losses and the holding period.
tax on the profit from the sale of real estate or other long term investments.
Tax on profits from the sale of securities, or fixed assets, such as land, buildings, equipment, and furniture.
A tax on the appreciation of the capital value of investments, not including value increases that are due to inflation, ie, the cost base is usually indexed along with movements in the consumer price index.
A capital gains tax (abbreviated: CGT) is a tax charged on capital gains, the profit realized on the sale of an asset that was purchased at a lower price. The most common capital gains are realized from the sale of stocks, bonds, precious metals and property. Not all countries implement a capital gains tax.