Capital Gain Tax. Arises when an investment is sold at a higher price than originally paid.
Capital Gains Tax. 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.
Capital Gains Tax. (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.
capital gains tax. 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.
Capital Gains Tax. See Capital Gain.
Capital Gains Tax. This is a tax payable in the UK on the appreciation in an asset's value from acquisition to disposal. Each individual is allowed to make a certain amount of gains each tax year before CGT is payable, the Chancellor of the Exchequer normally reviewing the amount in the Budget.
Capital Gains Tax. 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.
This stands for Capital Gains Tax. This is a tax on the increase in the value of an asset since it was purchased. Everyone is allowed to make a certain level of profit each year before capital gains tax is charged. The amount of the allowance is £8,200 for the 2004/2005 tax year. This amount is reviewed annually in the Budget.
Capital gains tax. 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.
Capital Gains Tax is liable on gains made when you sell assets, such as shares. The allowance is £8,200 for the 2004/2005 tax year. The tax depends on the level of your income liable to income tax.
Capital Gains Tax. 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).
Capital Gains Tax. 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.
Capital Gains Tax. 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 charged on profits from the disposal of assets, unless the disposal is in the course of trade when the profit will be taxed as income.
Capital Gains Tax. A tax on the increase in value of assets sold in a particular year.
Capital gains tax. Tax paid on the profits or gains made from the sale of fixed assets.
Capital Gains Tax. Tax on the increase in value gained on the disposal of assets such as shares and property, less any applicable capital losses.
Capital gains tax. 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.
Capital Gains Tax. Tax payable by individuals on profit made on the disposal of assets.
Capital Gains Tax. 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.
Capital Gains Tax. The tax payable on the disposal of an asset (e.g. shares and investment properties).
Capital gains tax. 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.
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).
Capital Gains Tax. 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.
Capital Gains Tax. 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.
Capital Gains Tax. 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.
Capital Gains Tax - a tax on the increase in the value of an asset, such as a share, since you bought it.
