Capital gain tax - Finance Records
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Topic: Capital gain tax


  
 Israel Real Estate - Capital Gain Tax
The inflationary gain of a foreign resident may be calculated at the assessee's discretion either according to the value of the foreign currency used to purchase the property or according to the local rate of inflation.
The gain derived from reduction of the purchasing power of the shekel is called "inflationary gain," and the remainder of the gain is called "real appreciation." 10% of the inflationary gain accrued until 31 December 1994 is liable to tax; the balance is exempt.
There are two laws in Israel which impose tax on capital gains: the fifth chapter of the Income Tax Ordinance imposes tax on capital gains derived from the sale of movable property, and the Land Appreciation Tax Law imposes tax on capital gains from the sale of immovable property.
http://www.angelfire.com/biz/IsraelRealEstate/ms1.html   (2625 words)

  
 What are the Capital Gain Tax Rates?
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).
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).
Those in the 28% or higher income tax brackets can only use the 5 year holding period (i.e., the 18% capital gains tax rate) for assets they acquire after 2000.
http://www.costonandmcisaac.com/hints/cap_gain_rates.htm   (379 words)

  
 Great Lakes Estate Planning (GLEP) announces Capital Gain/Recapture Tax Deferral using the Private Annuity Trust
Capital gains taxes are owed on the profit from the sale of any asset held longer than one year.
Capital gains and recapture taxes are paid as the income stream is received."Nothing is given away to charity as happens with the competing strategy known, as a charitable remainder trust.
Both capital gains and depreciation recapture taxes must be paid in full in the taxable year of the sale.
http://www.prweb.com/releases/2004/5/prwebxml129643.php   (1107 words)

  
 Capital Gain Tax Calculator
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.
Gain may best be described as the amount on which capital gain tax is levied.
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.
http://www.eie1031.com/calc.html   (80 words)

  
 Dividends and Capital Gains Planning After the 2003 Tax Act
Before the 2003 Tax Act, long-term capital gains were taxed at 20% for taxpayers in the 25% or higher tax bracket (10% for individuals in the 10% and 15% marginal tax brackets).
Individuals in a tax bracket higher than 15% had the opportunity to make a special “deemed sale election” on their 2001 tax returns, which allowed them to pay the applicable capital gains tax on the asset as though it was sold on January 1, 2001, and then begin the holding period anew on that date.
The 2003 Tax Act provisions equating the tax rate for both dividends and capital gains may also reduce the importance of tax planning related to structuring transactions to ensure that any gain recognized by individual shareholders is classified as capital gains rather than as dividends.
http://www.nysscpa.org/cpajournal/2004/1004/essentials/p36.htm   (2808 words)

  
 Upcoming changes in Capital Gain tax rates could be good news
Capital gains are profits on the sale of items held for investment, such as stocks, bonds, household furnishings, vehicles used for personal purposes, and real estate (although if the real estate you sell is your personal residence, the gain may not be subject to tax).
You may pay personal income tax of as high as 39.6% on your regular income, but the tax that is calculated on your capital gain income will not exceed 20%.
For tax returns for the year 2000, the maximum tax on capital gains on sales of investment items owned more than one year is 20%.
http://www.funwithtaxes.com/Past_Articles/11_27_00.htm   (822 words)

  
 Computation Of Capital Gains,Capital Gains Tax, What Is Capital Gains Tax, Short-Term Capital Gains, Long Term Capital ...
However, if the shares of the company are transferred within 3 years of their acquisition, the gains not charged to tax by treating their acquisition as not transfer would be taxed as capital gains in the year of transfer of the shares.
capital asset held for 36 or less is called a 'short-term capital asset' and if the period exceeds 36 months, the asset is known as term capital asset'.
The important ingredients for capital gains are, therefore, existence of a capital asset, transfer of such capital asset and profits or gains that arise from such transfer.
http://www.finance.indiamart.com/taxation/computation_capitalgains.html   (4194 words)

  
 FAQs about Your Fidelity Tax Forms
The individual federal income tax rate on distributed qualified dividends and long-term capital gains generally will be taxed at 5% or 15%, depending on the shareholder's ordinary income tax bracket.
You must report the gross amount of the dividend on your tax return; however, you may also be able to deduct or receive credit for taxes paid to a foreign country.
Many mutual funds will distribute two types of ordinary dividends, one that qualifies to be taxed at one of the lower federal long-term capital gain tax rates and one that is taxed at an investor's ordinary income tax rate.
http://personal.fidelity.com/planning/tax/content/taxplanfaq.shtml   (4184 words)

  
 Capital Gain Tax
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.
The tax man considers the difference of 50 as income and wants to have part of it in the form of taxes.
http://www.graysworld.co.uk/spanish-property/capital-gains-tax.htm   (2052 words)

  
 #1 Loans USA, real estate tax, capital gain tax real estate, real estate tax sale
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.
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 credits are the best way to cut your tax bill significantly.
http://www.1loansusa.com/tax/taxmain.html   (1842 words)

  
 New Capital Gain and Dividend Tax Rates from Tax Act of 2003
First is the decrease in the capital gain tax rate and second is the dramatic reduction on the tax rate on dividends.
Also, the tax rate for the accumulated earnings tax and the personal holding company tax is reduced to 15%, and amounts previously treated as ordinary income on the disposition of certain preferred stock are treated as dividends for purposes of applying the reduced rates.
Certain dividends received by an individual shareholder from domestic and qualified foreign corporations are taxed at the same rates that apply to capital gains.
http://www.tradersaccounting.com/taxrates.asp   (826 words)

  
 American Century Tax Center
Short-term capital gains are taxed at ordinary income tax rates, which can be as high as 35%.
Long-term capital gain tax rates were reduced by the 2003 Tax Act.
To determine the gain or loss, you first need to know how much you paid for the shares, which is your cost basis.
http://www.americancentury.com/workshop/articles/calculate_cost_basis.jsp   (537 words)

  
 Capital Gains and Losses
The IRS says when you sell a capital asset, such as stocks, 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.
If your capital losses exceed your capital gains, the excess is subtracted from other income on your tax return, up to an annual limit of $3,000 ($1,500 if you are married filing separately).
If you have a taxable capital gain, you may be required to make estimated tax payments.
http://www.irs.gov/newsroom/article/0,,id=106799,00.html   (432 words)

  
 Capital Gains Planning
If you postpone the gain until 2004, your 2003 loss will reduce your tax on ordinary income (wages, interest or dividends, for example), and your gain will be taxed the following year at the favorable rate for long-term capital gain.
If you sell when the loss is short-term, the loss will zero out your short-term capital gain, which is taxed at the same rate as ordinary income.
Example: During 2003 you have $20,000 of capital gain and no capital loss, so you have to pay tax on the entire capital gain of $20,000.
http://www.fairmark.com/capgain/gainplan.htm   (918 words)

  
 Capital Gain
A capital gain may be short-term (one year or less) or long-term (more than one year), and must be claimed on income taxes.
Long-term capital gains are usually taxed at a lower rate than regular income.
An increase in the value of a capital asset (investment or real estate) that gives it a higher worth than the purchase price.
http://www.investopedia.com/terms/c/capitalgain.asp   (196 words)

  
 The Tax Adviser: How the AMT affects long-term capital gain rates: tax advisers and their clients should be aware of ...
The Tax Adviser: How the AMT affects long-term capital gain rates: tax advisers and their clients should be aware of the interaction between the capital gain tax rates and the alternative minimum tax (AMT) when planning for the realization of long-term capital gains (LTCGs).
How the AMT affects long-term capital gain rates: tax advisers and their clients should be aware of the interaction between the capital gain tax rates and the alternative minimum tax (AMT) when planning for the realization of long-term capital gains (LTCGs).
Common wisdom is to apply the maximum 15% Federal capital gain rate to the difference between the estimated sale proceeds and the tax basis.
http://www.highbeam.com/library/doc0.asp?DOCID=1G1:136075349&refid=holomed_1   (317 words)

  
 Capital Gain Tax ::: meta360 ::: UK
Taxcafe's unique tax guides show you how to pay less UK capital gains tax, inheritance tax, property tax, corporation tax, income tax, and business tax...
Capital gain tax can be a major expense when selling a property...
This Capital Gain Tax Calculator demonstrates the approximate captial gain tax for an individual (noncorporate) taxpayer...
http://www.meta360.com/capital-gain-tax.htm   (277 words)

  
 Tax Law (Questions About Taxes): capital gain tax
There is a provision that allows a married couple to exclude tax on a gain of up to $500,000 on the sale of their main home.
We understand that there is a one-time $500,000 exemption from Capital Gains tax for a married couple who change their primary residence.
I teach tax and accounting at a small church-related college.
http://experts.about.com/q/932/3653922.htm   (502 words)

  
   H&R Block - Jobs and Growth Act of 2003 - Investments - Reduced Capital Gain Tax Rates
The bill reduces capital gain rates from 10 and 20 percent to 5 and 15 percent for assets sold after May 5, 2003.
If you have held the asset for one year or less, your gain will be taxed at the ordinary income rates (as high as 35%).
Note: Long-term loss carryovers are effectively devalued because now they will offset capital gains taxes at a lower rate and ordinary income that is taxes at a lower rate due to the rate changes.
http://www.hrblock.com/taxes/fast_facts/articles/jga/capital.html   (427 words)

  
 Kiplinger.com Community - Please advice on a capital gain tax question
I pay him the long term capital gain tax for my portion of the profit, and he will report 100% of the long term capital gain in his tax return.
He will issue a 1099 to me to cover the long term capital gain tax for my portion of the profit, and he will report 100% of the long term capital gain in his tax return.
Since the stock was purchased using his account, to settle the long term capital gain tax, following are some options that we are considering:
http://kip2.kiplinger.com/forums/showthread.php?s=30d841a3d5f41791ff0b992ffb11dd7f&t=2287   (413 words)

  
 Capital Gain Tax
Capital Gains and Losses 505, Tax Withholding and Estimated Tax, forrmation on estimated tax.
Capital Gain Distributions to pay less tax on this type of dividend than on an ordinary dividend.
Capital gain tax law Capital gain tax law capital gain law new tax 2003 capital gain law tax © www.serengetius 2003.
http://www.taxhowto.com/capital_gain_tax.html   (959 words)

  
 Beware Capital-Gains Gift
Because John's corporation was still an S corporation, he and his stockholders avoided a 35 percent tax at the corporate level on the sale of assets, resulting in a tax savings of approximately $1 million over the result had it been a C corporation.
By electing S corporation status, as I was recommending, John's corporation would not pay federal taxes on any income or gain; taxes would be paid by the stockholders instead, thus resulting in only one layer of tax.
If the corporation is generating profits, those profits will be potentially taxed at a greater rate if the corporation is an S corporation.
http://www.mit.edu:8001/activities/e-club/2.html   (1067 words)

  
 HOUSE BILL NO. 88 - Income tax, capital gain deduction
The purpose of this legislation is to increase the exclusion from 60% to 100% effectively eliminating state assessed capital gains tax on the assets described in the existing statute.
H0088...............................................by REVENUE AND TAXATION INCOME TAX - Amends existing law to increase from sixty percent to one hundred percent the net capital gain from the sale or exchange of qualified property which shall be a deduction in determining taxable income.
7 (6) If an individual reports a capital gain from a trust, no deduction 8 shall be allowed under this section unless the holding period required in sub- 9 section (3) of this section was satisfied by the grantor, the trust, or the 10 beneficiary, or a combination thereof.
http://www3.state.id.us/oasis/2001/H0088.html   (704 words)

  
 Re: simple question on capital gain tax
Taxes > Taxes - Canada > Re: simple ques...
>> It will not change the amount of your capital gain, but you may be >> able to spread part of the gain (proportional to the size of the >> mortgage) over the term of the mortgage, > > > The tax deferral is good for up to a maximum of 5 years.
http://www.talkabouttaxes.com/group/can.taxes/messages/88758.html   (124 words)

  
 Capital Gain Tax and Daytrading
I was sweating the tax like crazy but because I: immediately re-invested all of the gains and didn't have any cash gains on hand at the close of the year, it was not taxed...
That is to say are the taxes imposed on the total assets held or yearly income.
You could day-trade in a ROTH or Traditional IRA account and never have to do tax paperwork or pay taxes (long only, since shorting is not allowed in retirement accounts,) though trading costs would be high, and you would need at least $25 to off-set the pattern day-trading rule set by the SEC.
http://www.marketocracy.com/cgi-bin/WebObjects/Portfolio.woa/ps/ReadTopicPage/source=OdFgHcLfEbObLkIgMaKiAbDc/from=10   (934 words)

  
 Des Moines Real Estate : Home Selling Tips : Capital Gain Tax, capital gain, capital real estate gain
They provide that all of the gain from the home sale (except for gain resulting from certain depreciation deductions) is eligible for the exclusion if both the residential and non-residential portions of the home are within the same dwelling unit (e.g., one room in the home is used as the office of a sideline business).
Disclaimer: Mike and Danielle Davis are not accountants, experts on taxes, or employees of the Internal Revenue Service.
The full exclusion doesn't apply if, within the 2-year period ending on the sale date, there was another home sale by the taxpayer to which the exclusion applied.
http://www.mikedavishomes.com/capital_gains.htm   (972 words)

  
 Capital Gain Tax Stock
Capital gains tax arises as a result of a 'chargeable event' - in the case of stock market...
to parents via tax deductions, tax credits, vouchers or scholarships...
stock on which you have a gain, you have to report that gain and pay tax (at regular short-term or long-term capital...
http://checkbyweb.com/CBW/66/Capital-Gain-Tax-Stock.html   (510 words)

  
 Questions on Capital Gain Tax
Taxes > Taxes - Moderated > Questions on Ca...
What is the capital gain tax rate on Federal and what's the rate for Florida?
I don't live in Fl, do I have to pay tax for the state that I currently reside?
http://www.talkabouttaxes.com/group/misc.taxes.moderated/messages/160015.html   (129 words)

  
 CAPITAL GAIN TAX CHANGES IN 2001
Apply the same rationale to tax deferred exchanges as to investments in the stock market in tax deferred accounts and it is easy to see that property owners have the same opportunities.
Most investors understand the value of tax deferral and try to maximize the investments in fully tax‑deferred accounts such as 401 (k) and IRA accounts.
Their equity can grow 100% tax deferred in a §1031 exchange without government limits on the amount of tax deferral each year!
http://www.coastalsd.com/Seniors/capital_gain_tax_changes_in_2001.htm   (309 words)

  
 SSRN-Capital Gain Tax Overhang and Price Pressure by Li Jin
Capital gains tax can impose potentially large cost on investors selling stocks.
This paper addresses the question of whether capital gains taxes serve as an impediment to selling and if so, to what degree this delayed selling by investors correspondingly affects stock prices.
Specifically, following a negative quarterly earnings surprise, tax-sensitive investors sell less aggressively a stock that has large capital gains; thus for a stock held primarily by taxsensitive investors, the corresponding price reaction is less negative if it has accumulated large capital gains.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=531244   (338 words)

  
 Bradenton and Sarasota Real Estate: Will Your Home Sale Create A Capital Gain Tax Bill, exclusions, starker exchange, ...
The largest category of people affected are those who sell their homes prior to the standard two-year holding period required for the maximum capital gains exclusions of $250,000 (single filers) and $500,000 (married, joint filers).
Any profits beyond the exclusion amounts are taxed at capital gains rates.
Now the IRS has done so with interim rules, opening the door to partial exclusion claims for tax year 2002 and any prior year's returns where a refund may be available under the new rules.
http://www.rodrawlings.com/capitalgaintax.htm   (481 words)

  
 Capital gain tax avoidable? The San Diego Union-Tribune
The reason is you don't qualify for the Internal Revenue Code 121 principal residence sale tax exemption up to $250,000 (up to $500,000 for a qualified married couple filing jointly).
The cost of any capital improvements you added during ownership should be added to your original basis to arrive at your current "adjusted cost basis."
Your second step is to determine the property's approximate current market value, such as by a professional appraisal or by checking recent sales prices of comparable nearby homes.
http://www.signonsandiego.com/uniontrib/20040829/news_1h29mailbag.html   (1144 words)

  
 Capital Gain Tax - moneymanager.com.au
The interest on the loan for the new investment would be tax deductible.
You can move out and keep the CGT free status for up to six years if you don't own any other principal place of residence but if you intend to buy another home, it may be better to take the CGT profit on the home you've got and buy another investment.
This is a very complex matter and you should be talking to your accountant about it.
http://moneymanager.smh.com.au/articles/2003/03/14/1047583685042.html   (157 words)

  
 [No title]
The tax deferral of not having to pay the tax is worth quite a bit.
Gifting stocks or mutual funds by the donor to a recepient transfers the capital-gain tax liability to the recepient.
For the examples, we'll assume 30 years and that the CG tax rate stays at 15%.
http://socialize.morningstar.com/NewSocialize/Asp/FullConv.asp?forumId=F100000015&convSeqNumber=43119&mrr=1121852880   (792 words)

  
 Capital Gain Tax Exemptions on Home Sales
If a taxpayer is forced to sell a home due to a change in employment, health or other unforeseen circumstances, a portion of any gain may be excluded even though the property had not been owned or used for two years.
The current law, found in §121 of the tax code, eliminates many of the complications and restrictions involved with selling a home tax-free.
Under the old law, a taxpayer selling a personal residence would recognize gain whenever the selling price exceeded his costs.
http://www.ftwlaw.com/articles/capital_gain.html   (537 words)

  
 #1 Loans USA,Tax-Points
This means you report income in the year you receive it and deduct expenses in the year you pay them.
For information about the tax treatment of these amounts and other settlement fees and closing costs, get Publication 530.
The funds you provided at or before closing, plus any points the seller paid, were at least as much as the points charged.
http://www.1loansusa.com/tax/points.html   (1555 words)

  
 Capital Gain Tax on Assets Inherited (2010)
During the year 2010, there will be no federal estate taxes, however, beneficiaries of the estate will receive the same income tax basis as held by the decedent, subject to an exemption of $1,300,000.
This calculator assumes a capital gain tax rate of 20%.
(If the assets pass to the surviving spouse, the exemption will be $4,300,000.) When these assets are sold by the beneficiaries, taxes on capital gains will be determined from this carried-over basis.
http://www.theheritagefinancialgroup.com/Calculators/CapitalGainsTaxInheritedAssetsTo2010.htm   (214 words)

  
 Capital, Capital Gain Tax, Capital Improvement, Cash out Refinance
Tax paid on the gain realized upon the sale of an asset.
Closing costs normally include an origination fee, an attorney's fee, taxes, an amount placed in escrow, and charges for obtaining title insurance and a survey.
The cost of an improvement made to extend the useful life of a property or to add to its value.
http://www.inter-lake-lending.com/Glossary_C.html   (1300 words)

  
 Coston and McIsaac, CPA's - Certified Public Accountants
The firm has five Certified Public Accountants and two paraprofessionals on staff and provides a wide range of income tax, accounting, financial reporting and other services to business and individual clients.
We are also pleased to provide an online income tax organizer for your convenience.
Coston and McIsaac, CPA's is a local accounting firm established in June of 1987 and has developed a tradition of meeting the expanding requirements of a diverse individual and business clientele.
http://www.costonandmcisaac.com   (272 words)

  
 Bigger Capital Gain, Bigger Tax
Although your friends will owe a capital gain tax because of their large capital gain, at the current 15 percent federal tax rate plus state tax, they are receiving a big profit that they can easily afford to pay.
The federal government presumes the $500,000 principal residence sale capital gains exemption for a married couple (up to $250,000 for a single home seller) of Internal Revenue Code 121 is enough.
Their accountant advised them they will owe a huge tax, even after their $500,000 principal residence sale exemption.
http://www.washingtonpost.com/wp-dyn/content/article/2005/09/23/AR2005092300830.html   (748 words)

  
 Capital Gain Tax on real estate - Topic Powered by Groupee Community
August 16, 2005 08:53 AM It used to be a one time exemption, but that changed in the 2001 tax law revisions and it now can be used over and over, provided each time meets all the requirements.
tax people I admit) thought the law was still the same, meaning; You had to re-invest the gains within 18 months after sell of home or pay the tax.
August 15, 2005 08:53 AM Provided that this house was your primary residence for at least 2 out of the last 5 years and you and your wife file a joint return, then you are entitled to use the $500,000 exemption and it doesnt matter what you do with the proceeds.
http://escapees.infopop.cc/groupee/forums/a/tpc/f/749604761/m/4841053631/r/6511071041   (597 words)

  
 inheritance or capital gain tax coverage life insurance - estate planning
Capital Gain Tax is due at times of death.
Under good estate planning this Inheritance Tax Life Insurance will cover your taxes and preserve your assets at times of need.
(3) Upon mutual agreement Estate Planning representatives (tax and insurance) will come to visit you to hold informative meetings and start creation of policy for your approval.
http://www.realtymutual.com/insurance.htm   (228 words)

  
 Qualified Dividends and Capital Gain Tax Worksheet:
An Alternative to Schedule D
The IRS added several lines to Schedule D, Capital Gains and Losses, to capture the different rates that apply during 2003 and to include the dividend tax break.
Although many investors use Schedule D to get the benefit of lower capital gains tax rates, others can still use a worksheet in the tax instructions to skip Schedule D entirely.
There was no change in the rates for gains taxed at 25 or 28 percent.
http://www.irs.gov/newsroom/article/0,,id=120357,00.html   (205 words)

  
 The Exchange Authority - Professional Exchange Intermediaries
There is no reason to pay any of your hard earned profit to Uncle Sam in the form of tax on CAPITAL GAINS so long as you intend to invest all of your current equity in other qualifying real property.
Use this simple form to calculate potential Capital Gains Taxes.
Read on to find out which properties qualify for special non recognition treatment, how an Exchange transaction actually works, how easy it is to postpone the payment of taxes and what you need to do in order to comply with the tax code and the regulations.
http://www.exchangeauthority.com   (166 words)

  
 Capital Gain Tax
There are, however, several strategies that can be used in order to keep the amount of capital gain tax to a minimum.
For the most up-to-date capital gain tax information available, this book is essential.
Many people face huge bills of tens of thousands of pounds in capital gain tax, and often just accept it as an unavoidable expense.
http://www.taxcafe.co.uk/resources/capital_gain_tax.html   (133 words)

  
 Welcome to 1040form.com
Every year, more taxpayers find out how safe and easy it is to have their tax refund deposited directly into their checking or savings account.
Are you one of the almost 100 million taxpayers who will receive a refund when you file your federal tax return?
Find out more about filing your taxes online.
http://www.1040form.com   (166 words)

  
 Primary Residence Exclusion - Avoiding Capital Gain Tax on the Sale of your Home
from taxes on the gain of the sale of her house.
exclusion of $500,000 to shield them from taxes on the gain.
Avoid Capital Gains Tax on the Sale of your Home
http://www.real-estate-owner.com/primary-residence-exclusion.html   (962 words)

  
 A Temple Of Life Management Solutions
List Your Assets - then identify which ones are 100% exposed to potential Capital Gains Tax.
their growth is exposed to either of/combination of Interest income, Dividends, and Capital Gains..
The Solution - having the foresight in your healthy living years to own a good Universal Life or Wholelife insurance plan for at least the potential Capital Gain Tax liability ($1,000,000 in our example) to pay CCRA and leave the Estate wholesome...
http://quicksitebuilder.cnet.com/frencho1/id6.html   (1841 words)

  
 KoreaTimes : Single-Home Owners Face Tougher Rule on Capital Gain Tax Exemptions
Single-home owners in Seoul, Kwachon and other new towns in Kyonggi Province will face tougher requirements for getting capital gains tax exemptions when selling their houses from next year, as the government is changing the regulations in a move to stabilize the property market.
According to the new regulation on income taxation approved by the Cabinet on Tuesday, single-home owners in the areas will have to own the house for at least three years and occupy them for two years to enjoy the tax exemption.
Finance-Economy Minister Kim Jin-pyo has stressed that it is too early to talk about additional measures such as state control of property use.
http://times.hankooki.com/lpage/biz/200311/kt2003111120510811910.htm   (330 words)

  
 The Exchange Authority - Estimating Capital Gain Tax
to learn how you may be able to postpone paying all of the Capital Gains Tax.
Use the simple formula below to estimate potential Capital Gains Tax due if you proceed without using the Exchange method.
The Exchange Authority - Estimating Capital Gain Tax
http://www.exchangeauthority.com/cgtaxest.htm   (52 words)

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