Indira Vikas Patra Is Not A Capital Asset!
2009-08-02 07:00:00 In decision delivered dated 3 April 2009 ,Kerala High Court in case of Dr R. V.Patel vs CIT decided that Indira Vikas Patra is not a capital asset , therefore, maturity proceeds paid by post office is not consideration for transfer of capital asset.As such there can not be capital gains . Read the excerpts The specific contention raised by the assessee is that IVP is a capital asset and therefore interest accrued is profit assessable as capital gains. The Tribunal rejected the claim by holding that IVP is nothing but a deposit with the Post Office which entitles die assessee to a specific rate of interest on compoundable basis and assessee can encash the deposit only for the maturity value which is pre-determined. The assessee has relied on several Courts' decisions for the proposition that IVP is a capital asset. IVP is admittedly a deposit scheme framed by the Government of India for making deposits in the Post Offices. Purchase of IVP amounts to depositing a specific a...
0% Long-Term Capital Gain from 2008 to 2010 for Some Investors
2008-12-11 17:09:00 Original Post on The Sun's Financial Diary 0% Long-Term Capital Gain from 2008 to 2010 for Some Investors The tax season is coming soon and it’s about time to consider some tax strategies as 2008 quickly draws to a conclusion. With stock markets got hammered so badly this year, there are some moves you can make to ...
0% Long-Term Capital Gain Tax from 2008 to 2010 for Some Investors
2008-12-11 17:09:00 Original Post on The Sun's Financial Diary 0% Long-Term Capital Gain Tax from 2008 to 2010 for Some Investors The tax season is coming soon and it’s about time to consider some tax strategies as 2008 quickly draws to a conclusion. With stock markets got hammered so badly this year, there are some moves you can make ...
BUY HOUSE SAVE CAPITAL GAIN ON SALE OF HOUSE
2008-05-16 04:30:00 Dear Friends,In this post I am trying to cover all the issue related to saving of tax under section 54 of Income tax act-1961 ,if any issue left of you have a different opinion than our you may please record in comment section.As per section 54 capital gain arising from the sale of the long term residential property can be saved if we buy or construct a residential house property for long term form the capital gain amount.Important points in this regard are given belowSection benefit can be availed only by Individual and HuF assesseeSale should be of long term residential building or lands appurtenant theretoIncome of house property should be chargeable under the head of "income from house property"Capital gain arising from sale of above said property will be saved up to the amount used in topurchase a residential house within year before the date of transfer of old house or within two year after the date of transfer of old house.orconstruct a house with in three year from dat...
By: SIMPLE TAX INDIA
How To Minimise Tax On Huge Gains on Property Sale?
2008-05-07 17:49:00 I became a member of the housing society and constructed a house ib 1974. The construction cost was2 lacs. Now I desire to sell the house and am definately to mmake considerable capital gain by selling it. How much capital gain will I have to pay? Alternatively, what are the exemptions available? What is indexed cost of acquisition and what will it be in my case? thanks in anticipation.Rajesh JaniFollow these steps for minminising the tax on capital gains on sale of house to almost NILStep1 : Get your property valued on 1/4/1981 Since you have bought the house in 1974 , you have the option to substitute the market price as on 1/4/1981 as cost of the property . This is provided ins section 55(2)(b)(i) of the I T Act as given below(i) where the capital asset became the property of the assessee before the 1st day of April, 1981, means the cost of acquisition of the asset to the assessee or the fair market value of the asset on the 1st day of April, 1981, at the option of the asses...
Can You Claim Exemption For Two Separate Years For Investment In same Hous
2008-04-03 04:18:00 I have been allotted shares of an US company under ESOP scheme in 1996. these shares are not listed abroad. I have sold some of these shares in FY 05-06 and invested the consideration in a residential property. I have availed the exemption u/s 54F to the extent of amount paid to the builders in that FY. In the FY 06-07, i have sold further shares. Can i avail the exemption u/s 54F for the FY 06-07 for the same property towards the balance amount payable to the builder. Please advice. The option was provided to me in the sept 1996. the shares were vested within 6 months from the date of option. some shares were sold in the year 05-06 and the balance in March 07.My CA says that I can get the exemption u/s 54F against the same property for the balance payable. My friend's CA says that I can't get the exemption. please advice. Kavitha, BangloreBefore I express my opinion, let us see what the exemption provison says u/s 54 F of the I T Act. The conditions for claim of exemption u/s...
Do The Capital Gains On Sale Of Residence Get Better Treatment Than Gains
2008-03-30 14:25:00 I have recently sold my Commercial property for 31.5 lakhs which was purchased in 1999-2000 for 5 lakhs.According to my CA our capital gains comes around 15 lakhs & we have to pay 20% as a Long term capital gain tax.I want to have clarity on following points.1:-Should I invest 15 lakhs in other property to save tax or I have to invest whole sales proceedings of 31.5 lakhs.2:-What is the amount I have to invest in Capital gain Accounts( Nationalised banks) 15lakhs or 31lakhs if I need time to finalise on the property.3:-In Income tax rules for Commercial & residential properties are same or they are treated differently? Vijay Jaywant Naik , MumbaiGood question.!Yes , income tax law provides better treatment for long term gains on residential property than the commercial property.While the long term capital gains(LTCG) tax rate for both types of gains are same i.e 20 % , the rule for exemption are different .What are the difference ?The exemption for LTCG on residential proper...
PAY LESS SHORT TERM CAPITAL GAIN -HOW?
2008-03-23 17:34:00 Dear friends ,As you know in budget 2008 ,our Finance Minister has increased the short term capital gain on share transaction, on which securities transaction tax (STT) has been paid, from 10% to 15 % .This has been done under section 111A for Indian resident and under section 111d for FII from Assessment year 2009-10.what was in section 111AAs per section 111Aif a person's total income includes Short term capital gain from transfer equity shares or unit of a equity oriented fund andSTT has paid on transferthan rate of tax will 10% flat and on other income of the assessee tax will be calculated as if such balance amount is total income of the assesseehowever in case of HUF and Individual if assessee balance income is less than the total exemption limit than such short-term capital gains shall be reduced by the amount by which the balance total income as so reduced falls short of the maximum amount which is not chargeable to income-tax and the tax on the balance of such short-term ...
By: SIMPLE TAX INDIA
Here Is A Recent Good Decison For All Claimants of Dedcution Under Section
2008-03-17 05:16:00 I sold a flat in Sep'07 and intend to re-invest (jointly with mother) in another (self-occupied).1) Can the LTCG made on sale of flat be re-invested any time before due date for filing return (31-7-08) or do we have to deposit the LTCG in the capital gains account scheme before 31-03-08?Jaishankar Motiram Talreja , Mumbai The provision under subsection 4 of section 54of the I T Act states as under 54(4) The amount of the net consideration which is not appropriated by the assessee towards the purchase of the new asset made within one year before the date on which the transfer of the original asset took place, or which is not utilised by him for the purchase or construction of the new asset before the date of furnishing the return of income under section 139, shall be deposited by him before furnishing such return [such deposit being made in any case not later than the due date applicable in the case of the assessee for furnishing the return ofincome under sub-section (1) of section ...
How To Use Capital Gains Account Scheme To Save Tax?
2008-02-26 16:24:00 What Is Capital Gains Account Scheme? If you get long term capital gains , Income Tax Act provides certain exemptions under section 54,54B,54D,54F and 54G .In short these exemption are for capital gains earned on account of Sale of a residential house (Sec 54) Sale of agricultural land (Sec. 54B) Compulsory acquisition of land & building (Sec. 54D) Sale of any long term capital asset (Sec. 54F) Transfer of assets in case of shifting of industrial undertaking. (Sec 54G) In all these cases, an assessee is given exemption if the sale proceeds are utilised for some specific purpose. But it happens that the money can not be utilised within short span of time. In that case, there is provision that the money is deposited in designated bank in a special kind of account called Capital Gains Account Scheme and utilise the money for that specific purpose within extend period given in those section. Therefore , all those assesse...
A Tale Of Gifts Between Mother & Daughter!
2008-02-23 16:14:00 My daughter was holding one plot of 9000 sq. ft bought in 1995 and in 2007 she has gifted this plot to her mother by way of settlement deed.My question is can her mother sell this plot under long term capital gain tax and if she reinvest this amount for new residential flat (she is already holding one flat in her name) what will be the tax liability. And can she again gift the new flat to her daughter.Surendar Lachhmandas , Chennai You have asked two questions: Whether exemption for reinvestment of the proceeds of sale of the plot is allowable in hands of mother who got he gift of plot from her daughter? Whether the new residential flat purchased out of sale proceeds of plot can be gifted to daughter? Answer to first question is YES. The cost of acquisition to your daughter will be the cost of acquisition of mother and the asset will be long term capital asset.Section 49 of the I T Act has express provison regarding such transfer . The said section provides regarding cost ...
[indianstockmarket] Query regarding tax on short term capital gain.
2008-02-12 06:40:00 Hello Profit Rs 100 - Loss Rs 60 = Profit Rs 40. Tax (Rs 40 x 0.10) = Rs 4.0 rhar@gmail.com> wrote: Dear All, Please tell me how the tax on capital gain calculated. Suppose if I have ...
Making More Money from Capital Gain Taxes
2008-02-06 06:26:00 As we may know, keeping a diversified portfolio can be beneficial to the overall health of our financial stability and growth. Taking a closer look at each investment, they fall into two categories of taxes: capital gains tax and ordinary tax. Many people have both types of taxes within their portfolio but are not sure which tax applies to the investments.Which Tax is Which: Capital Gains and
A capital gain for the world - Boston Globe
2008-02-03 06:35:00 A capital gain for the worldBoston Globe, United States - 3 hours agoThe founder of Microsoft is calling for a new economics that could help change the world. Speaking recently at the World Economic Forum in Davos, ...
Surprise! Here?s Your ETF Capital Gain Distribution!!
2008-01-16 17:14:00 One of the selling points of exchange-traded funds (ETFs) is they are tax efficient because they funds themselves almost don’t generate any capital gain distribution, which can be taxed at a rate as high as 35%, comparing to their mutual fund counterparts. ETF capital gains are usually realized when investors sell the fund at profit. This ...
Last Chance to Plan for 2007 Capital Gain Taxes
2007-12-27 17:30:00 Today and tomorrow Next Monday is the last day to sell losing investments because you can deduct taxes from it. In the US, we are taxed on net capital gains for the year, which means that we should sell stocks that we have a capital lost in to offset all the capital gains, minimizing taxes. The government encourages this in fact, because not only can we balance it just right so we don’t pay ANY taxes for stocks we made money on, we can even get tax credit for a realized capital loss! Let me illustrate in the following example of what I mean. Say in 2007, I bought $7,000 worth of Diamond Offshore (DO) and $15,000 worth of ETrade (ETFC). Now, DO is worth $15,000 so I decided to sell it, making $8,000 on the investment. However, ETFC is only worth $3,000. If I don’t sell ETrade, it means that I will have to pay taxes on the $8,000 investment. However, if I sell all my shares of ETrade, I would’ve realized $12,000 of capital lost. The net effect of both my investments will mean th...
By: My Own Millions
Capital gains tax on securities draws fire
2007-11-22 12:15:00 The National Assembly on Tuesday approved the Law on Personal Income Tax, which will tax capital gains on securities trading at 20%; a compromise on the 25-per-cent rate originally included in the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Business Sellers - Beware of Potential Changes in the Capital Gains Tax Pos
2007-11-21 03:36:00 If You are a business owner thinking of selling in the next few years, pay particular attention to the talk on capital hill about where they plan on getting the $800 Billion that will be lost by the repeal of the Alternative Minimum Tax. I think it will come right out of your pocket. Are you looking for some inside information on income tax refund? Here’s up-to-date information on Taxes and personal finance and also on Taxes.
Farm owners ignore capital gains tax changes at their peril
2007-11-20 18:10:00 All farmers, even those not planning to sell their farms, must consider the implications of the government's proposed changes to capital gains tax rules,...
By: FWi - All News
Business Sellers - Beware of Potential Changes in the Capital Gains Tax
2007-11-20 00:00:00 Thinking of selling your business? If you have planned it correctly, most of your transaction proceeds should be long term capital gains. Given the current political climate and the upcoming change in the White House, capital gains taxes will come under attack. If you are a business owner and are thinking of selling your business ...
Are Capital Gains On Sale Of ESOP Shares Listed Abroad Exempt?
2007-11-14 16:42:00 I am an Indian resident, and had some ESOPs which I had exercised and paid in January 2004. These were paid in USD and money on sale will also come in USD, the company went public in October 2006. What is the capital gains tax rate that will apply to me on sale of shares (listed on NYSE), if I sell after October 2007 or before October 2007? Virender Puri Shares whether quoted or unquoted becomes long term asset after being held for more than one year. You exercised your option in January 2004, therefore after January 2005, shares became long term asset in your hand. Its sale will give rise to long term gains. Since you are resident and the shares are listed outside India , the tax rate applied in this case will be 20% as per section 112 of the I T Act . The NIL tax rate for long term gains is for shares which are sold through stock exchanges registered in India.However, you can claim indexation on the cost of the share. For more on indexation , read here. For computation of capi...
Capital Gains
2007-11-13 21:58:00 How bad is the capital gains hit on a quick buy sell and what is the best way to get past it, besides making more than 28%. Any ideas?
Moveon.org Misinforms Their Base Again: Distorts the Capital Gains Tax
2007-11-09 20:47:00 I received another Moveon.org email this week. As usual, the email contained lies, damned lies, and no statistics to back up its assertions. It focused on the Alternative Minimum Tax and the Capital Gains Tax. Because the Alternative Minimum Tax, a tax created by liberal Democrats, is now harming the middleclass, the Democrats want to repeal it. Go figure! But, of course the Democrats cannot... Click the Headline Link to Visit Copious Dissent and Read the Full Story.
To Income Trust or not to Income Trust: Looking for Capital Gains from Inco
2007-11-09 18:20:00 If you have been invested in the market recently then you have experience the major shock waves of highs and lows. Everyone is looking for the next big growth story, but what about a nice Capital... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Andorra Tax Haven Introduces Capital Gains Tax Posted By : Roger Munns
2007-10-29 19:22:00 In a surprise move, European tax haven Andorra has introduced Capital Gains Tax. An Andorra travel guide suggests that the move will hardly affect new residents, and that Andorra remains the best value for money tax haven in Europe both for property and residency. Are you looking for some inside information on income tax refund? Here’s up-to-date information on Taxes and personal finance and also on Taxes.
Federal Capital Gains Tax Rate Update - Raising the rate?
2007-10-22 22:52:00 To most people in the financial and tax worlds the impending federal capital gains tax rate hike in 2011 is no new news. This has been scheduled since the 2003 capital gains tax rate changes and should really be no surprise to most people. However, with this federal capital gains tax rate increase (set to increase to ...
Capital Gains Tax Rates - State by State
2007-10-18 14:35:00 One of the “unknowns” in the real estate investing world is the topic of caital gains… in particular… the capital gains tax rates that you and are are subject to. Truthfully… I’m not sure why I didn’t write a post about this earlier… afterall, I come from the world of tax planning and am the VP ...
Capital Gains Tax changes - good for property investors, bad for business o
2007-10-17 22:44:00 Well, the dust has (almost) settled, and it’s time for a quick review of what Chancellor Darling’s pre-budget report actually means for us. I should stress at the outset that if you hold business or property assets, and are thinking about selling them, then you should go out and get professional advice from a tax advisor ...
Capital Gains Tax Exemption
2007-10-15 19:55:00 If you are thinking about selling your house but are concerned about the capital gains tax you may have to pay on profit made from sale then there is some good news for you. You might not have to pay any tax on the profit made if certain conditions are fulfilled. In the following sections we ...
By: Finance News Pro
Pre-budget report: Chancellor's raid on capital gains tax
2007-10-09 19:41:00 Business asset taper relief scrapped and inheritance tax threshold doubled in Darling's first pre-budget report.
By: FWi - All News
2007/08 Australian Tax Brackets and Capital Gains Tax
2007-10-07 16:16:00 The 2007/8 Australian tax brackets are as follows: The tax brackets do not include the 1.5% Medicare tax levyEven though taxes have dropped in Australia, they are still relatively high from a worldwide basis. Therefore when investing it is particularly important to consider tax factors. The main one you will be impacted from while investing is Capital Gains Tax.Capital gains tax (CGT) is the tax you pay on any capital gain you make and include on your annual income tax return. There is no separate tax on capital gains, it is merely a component of your income tax. You are taxed on your net capital gain at your marginal tax rate (per the table above). The only caveat is that if you hold an investment for than 1 year, you only pay CGT on 50% of the gains.Your net capital gain is = your total capital gains for the year MINUS your total capital losses (including any net capital losses from previous years)I will discuss some CGT minimization strategies in the next few weeks -For more deta...
2007/08 Australian Tax Brackets and Capital Gains Tax
2007-10-07 16:16:00 The 2007/8 Australian tax brackets are as follows: The tax brackets do not include the 1.5% Medicare tax levyEven though taxes have dropped in Australia, they are still relatively high from a worldwide basis. Therefore when investing it is particularly important to consider tax factors. The main one you will be impacted from while investing is Capital Gains Tax.Capital gains tax (CGT) is the tax you pay on any capital gain you make and include on your annual income tax return. There is no separate tax on capital gains, it is merely a component of your income tax. You are taxed on your net capital gain at your marginal tax rate (per the table above). The only caveat is that if you hold an investment for than 1 year, you only pay CGT on 50% of the gains.Your net capital gain is = your total capital gains for the year MINUS your total capital losses (including any net capital losses from previous years)I will discuss some CGT minimization strategies in the next few weeks -For more deta...
Tax Free Capital Gains on Invesment Real Estate Sales.
2007-10-02 18:35:00 Welcome to HomeToolKit, your source (tool kit) for money making ideas whether you are a buyer, owner or seller of a home. Found here are tips for neighborhoods, location, financing, tax angles, home improvement and much more. As a retired CPA and current Realtor, I always keep an eye out for changes in tax laws that may benefit my clients or help them avoid pain. If you are considering selling some real property, but cringe at having to share your profit with the Federal Government, here's an opportunity to AVOID Capital Gains Tax on those profits. This is a Quirk in the tax law enacted in 2003 that has an exemption on Capital Gains Tax, but only for the year 2008. Obviously, this provision was inserted for the benefit of some group of wealthy individuals, and most likely was instigated by a paid lobbyist on K-Street. As you may know, most laws are NOT written by our Congressmen, but by lobbyist for special interests. Here is an excerpt from; Jobs & Growth Tax Relief Rec...
Is Capital Gains Earned Out Side India Taxable in India?
2007-08-15 20:01:00 One of my relatives has returned to India about 6 years back after residing in USA for about 15 years. His Indian Income comprises of Interest on Bank Deposits and on which he is paying Indian... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Federal Capital Gains Tax Rates - Current to 2007
2007-08-13 22:15:00 Many people are very surprised to find out that the 15% Federal capital gains tax rate does NOT apply for all transactions. Yes, there is a 15% Federal capital gains tax rate; however, it does NOT apply for every one. To help you see the various Federal capital gains tax rates we’ve put together a quick table ...
The Basics: How to calculate capital gains tax
2007-08-13 20:12:00 Some of our articles will focus on more in-depth and advanced topics, while others will simply get the basics out of the way. One of the basics that all professional advisors and sellers should know how to do is calculate the capital gains and the capital gains tax that is due when selling a highly appreciated ...
Capital Gains Tax reality, Personal VS. Corporation, can you afford not to
2007-08-10 23:50:00 HERE IS A LOOK AT THE TAXES YOU WOULD BE OBLIGED TO PAY IF YOU WERE SELLING PROPERTY IN YOUR PERSONAL NAMEBy selling real estate titled in your name or the name of a ?pass-through? entity (LLC or ?S?-Corp) you could pay as much as 60% of the income you receive from the sale in taxes. Those taxes include but are not limited to capital gains taxes, self-employment taxes, Alternative Minimum Tax as well as state and federal income taxes. Adding insult to injury, when you sell real estate titled in your own name or the name of a ?pass-through? entity, many of your ?real estate business expenses? will not be deductible when you file your 1040 tax return.INCOME TAXES REPORTED ON YOUR 1040 TAX FORMThe tax effect of selling property as an individual or the name of a ?pass-through? entity is that profits made from the sale of real estate are added to the income you report on your 1040 tax return. On the other hand, any losses from the operation of the property are deducted from your 1040 ...
The 351 transfer, take control over capital gains
2007-08-06 23:21:00 In this edition we will provide our readers with a basic overview of the laws behind the little know 351 transfer.We continue to hear attorneys and CPAs as well as other allegedly knowledgeable professionals frivolously state that the Revolution can't do what it does. Interestingly, all this so-called expert advice is usually stated without the benefit of even having any understanding of how the process really works let alone how the Internal Revenue Code and court cases taken together do, in fact, provide the unquestionable basis for this unique program.The Escrow Program is a patent pending proprietary process. We will not delve into every aspect the Priorit Service Group employs in undertaking its program. However, in an effort to aid those interested individuals in understanding the legal, tax and technical aspects of the process, we will provide some of the "authority" for our program. That authority finds its basis in the little known Internal Revenue Code Section 351-transfe...
Capital Gains Tax Cuts For Middle Income Investors
2007-07-30 15:54:00 Imagine selling a $20,000 investment, purchased five years earlier for only $10,000, and paying no capital gains tax at all. This dream will become reality for middle-income investors beginning in 2008 and will last for three years when a seldom-discussed provision of the recent tax cuts takes effect, providing middle-income investors with a can’t-miss tax-planning opportunity. Under ...
Capital Gains
2007-07-26 06:00:00 The capital gains exclusion for a married couple is $500,000 ($250,000 for a single person)if they have lived in the home two out of the last five years. In many expensive neighborhoods of the San Francisco Bay Area, this still leaves someone with a large capital gains bill. A solution is to convert the property into a rental for at least a year. Then, sell the property, take the exclusion and 1031 exchange the rest. This shelters all of the capital gains that remain and with the right planning, you can avoid the gains in the future too.
Defer capital gains? We'll Show you how!
2007-07-26 01:03:00 HOW THE ESCROW PROGRAM WORKS In this edition of the Real Estate Revolution, we will discuss How the Escrow Program works. The Escrow Program is unique in that it provides each program participant with a FREE Nevada corporation (valued at over $3,000.00) and transfers the participant's property into the name of that corporation. Then when the property is sold, the corporation sells it not the program participant. THE CORPORATION INCLUDES: * NV Secretary of State articles of incorporation * NV Secretary of State initial list of officers * NV Secretary of State incorporation expedite service (if needed) * Corporation records book * Corporation IRS EIN number * Corporate compliance CD (includes manuals, minutes & contracts) * Corporation address in Nevada for first year * Bank introduction to Wells Fargo Bank in Nevada for the required corporate bank account By selling a property titled in the name of this corporation, the program participants elimin...
No Capital Gains Tax in 2008?
2007-07-05 20:43:00 If only that were true... It is true that the capital gains tax rate for low income tax brackets (10% and 15%) in 2008 goes to 0%.But, before you run out and plan to sell your rental with a 300K gain, be sure you understand that most of that gain will not be taxed at 0%. Bummer, I know...We don't know what the qualifying incomes are for 2008, but for 2007 they are up to $31,850.00 for individuals and $63,700.00 for married couples filing jointly.So, if the levels didn't change for 2008 (they usually go up slightly each year) and you are married making 50K/yr as a couple, only the first $13,700.00 of capital gain is taxed at 0%. The remainder is taxed at 15%. So, in the above example, $286,300.00 is taxed at the 15% maximum long term rate.Don't forget to add your state and/or city taxes into the equation as well. This can easily add another 5-9.5% depending on your state of residence and state of property sale.And, don't forget the recaptured depreciation tax This doesn't get t...
Taxes in Europe for capital gains
2007-06-27 14:03:00 From now I will post also some information about taxation for capital gains in European countries. Due to European Union workforce mobility your tax residency can be changed and that's also my case. Therefore I am interested in this topic and I would like to publish tax specifications for different countries. I will focused only on taxes from capital gains.Originally posted at: HTTP://WWW.STOCKWEB.BLOGSPOT.CO-M Blog about investing in Eastern Europe. http://stockweb.blogspot.com/at-om.xml
Saving capital gains tax is as easy as?
2007-06-14 20:13:00 I know… I know… It’s been a few weeks since the last time I updated the blog, but it’s been for good reason. NO, I’m not stopping the blog or throwing it by the wayside… I’m just getting some big projects I have been working on out of the way before I begin posting daily ...
Deferred Capital Gains Tax Is The Best Debt In The World
2007-06-06 18:44:00 There’s absolutely nothing that tastes better than a deferred capital gains tax. Many investors consider investment loans as good debts because the interests are tax-deductible, but the deferred capital gains tax is even sweeter. Never mind tax-deductibility; it is interest-free! If you double your $10,000 investment to $20,000, you owe Canada $2,000 ...
By: Financial Jungle
Andorra Tax Haven Introduces Capital Gains Tax Posted By : Roger Munns
2007-06-02 05:05:00 In a surprise move, European tax haven Andorra has introduced Capital Gains Tax. An Andorra travel guide suggests that the move will hardly affect new residents, and that Andorra remains the best value for money tax haven in Europe both for property and residency. Credit scores hold a lot of importance today. Your credit score will affect you in many ways other than securing a loan. To improve your credit score first you must understand how credit scores work. Read more about Credit and Personal Finance.
Capital Gains When Selling Your Home Posted By : Christopher Anderson
2007-05-18 04:51:00 When selling a home for a profit, there are always questions on how a home owner will be effected by capital gains. Learn how capital gains effects the sell of a home. A key component of personal finance is financial planning, a dynamic process that requires regular monitoring and reevaluation.
Making More Money from Capital Gain Taxes [del.icio.us]
2007-04-25 17:31:00 Tip! Participate in company retirement plans. Every dollar you contribute will reduce your taxable income and thus your income taxes. As we may know, keeping a diversified portfolio can be beneficial to the overall health of our financial stability an...
Restructure your business to get new capital gains tax concessions
2007-04-18 13:14:00 Capital gains tax has an enormous impact on the business and tax structuring of small businesses. Thus it is essential to maintain a close watch over changes to capital gains tax law. A few changes will come into force from 1 July 2007, noteworthy is the increase in the net asset value test from A$5 million to A$6 million. Some of the changes already effective from 1 July 2006 are discussed in this article. (The Government's press release on recent capital gains tax changes is here (http://images.google.com.au/im-gres?imgurl=http://treasurer.go-v.au/pcd/_template/images/heade-r_gfx.jpg imgrefurl=http://treasurer.gov.-au/pcd/content/pressreleases/20-07/029.asp h=101 w=177 sz=6 hl=en start=13 tbnid=yvxx9LUA6YrkgM: tbnh=58 tbnw=101 prev=/images%3Fq%3Dcgt%2Bconces-sions%26gbv%3D2%26svnum%3D10%26-hl%3Den%26sa%3DG).)
What to do with Large Capital Gains
2007-03-31 22:14:00 People often struggle with decisions regarding their assets that have large capital gains built up in them. The driving factor here is the tax consequence of a sale, but that should not be the only consideration.First ask yourself, what are your long term expectations for the price of the asset in question? If you expect that asset to continue to grow (at least as much as the broad market does), then you should feel no immediate desire to sell. If, on the other hand, you expect the asset's price to fall, remain flat, or grow sluggishly, then you have a decision to make. My basic rule of thumb is that you should not own an asset if you expect it to perform badly in the future. Your money could be better invested in other areas. So, while there may be capital gain tax consequences, you should probably sell the asset if you do not expect it to perform well. That said, do try to hold out for the long term capital gain tax treatment (one year for stocks) if you can.There are othe...
By: Laws of Finance
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