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capital gain |
Also found in: Dictionary/thesaurus, Wikipedia, Hutchinson | 0.01 sec. |
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Capital Gain An increase in the value of a capital asset (investment or real estate) that gives it a higher worth than the purchase price. The gain is not realized until the asset is sold. 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. Notes: Long-term capital gains are usually taxed at a lower rate than regular income. This is done to encourage entrepreneurship and investment in the economy. Capital gain When a stock is sold for a profit, the capital gain is the difference between the net sales price of the securities and their net cost, or original basis. If a stock is sold below cost, the difference is a capital loss.
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Whether a sale of the right to lottery payments results in capital gain or ordinary income is one of first impression in the Third Circuit. However, the goal of clients who choose to not do a tax-free exchange is generally to pay tax at lower long-term capital gain rates, 15 percent maximum federal rate, rather than at ordinary income tax rates, 35 percent maximum federal rate. Although the 2003 Tax Act had other wonderful features for agriculture, including the $100,000 depreciation write-off and the 50% bonus deduction for new assets, some of the real money lies in its new capital gain rates. |
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capital gain
