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STT was originally introduced in 2004 by the then Finance Minister, P. Chidambaram to stop tax avoidance of capital gains tax. The government reduced this tax in the 2013 budget after protests for years by the brokers and the trading community. The revised STT for delivery-based equity trading is 0.1% on the turnover.
The circumstances for taxing capital gains and other types of investment income differ. Dividend taxes Dividends may be taxed in a couple different ways, depending on whether they’re ordinary ...
Structure of a private equity or hedge fund, which shows the carried interest and management fee received by the fund's investment managers. The general partner is the financial entity used to control and manage the fund, while the limited partners are the individual investors who receive their return as capital interest. [1]
Capital Gains Tax and Investment Types. Capital gains tax applies to the profit made from the sale of an asset or investment. The tax rate depends on how long the asset is held, the type of asset ...
The tax rate varies following the type of transactions. A 0.09% tax (subject to a maximum of €1,300 per transaction) is charged for distributing shares of investment companies, certificates of contractual investment funds, bonds of the Belgian public debt or the public debt of foreign states, nominative or bearer bonds, certificates of bonds ...
In addition, those capital gains may be subject to the net investment income tax (NIIT), an additional levy of 3.8 percent if the taxpayer’s income is above certain amounts. The income ...
Payers of capital gains taxes have more "ability to pay", [19] and also are able to defer or avoid the tax as it only comes due if and when the owner sells the asset. Low-income taxpayers who do not pay capital gains taxes may directly pay them through changed prices as the actual payers pass through the cost of paying the tax.
Individuals paid capital gains tax at their highest marginal rate of income tax (0%, 10%, 20% or 40% in the tax year 2007/8) but from 6 April 1998 were able to claim a taper relief which reduced the amount of a gain that is subject to capital gains tax (thus reducing the effective rate of tax) depending on whether the asset is a "business asset ...