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Capital gains taxes If you sold any of your gold investments for a profit this year — including gold stocks or shares of a gold ETF — you're going to owe capital gains taxes on those returns.
Continue reading → The post Capital Gains Tax on Real Estate Investment Property appeared first on SmartAsset Blog. ... The sale results in a short-term capital gain, and your income is $115,000 ...
Capital Gains Tax on Real Estate One exception to capital gains tax rules is the sale of your primary home. Up to $250,000 — $500,000 for married joint filers — is excluded.
The gain realized on the sale of a principal residence is not taxable. A gain realized on the sale of other real estate held at least 30 years, however, is not taxable, although this will become subject to 15.5% social security taxes as of 2012. (There is a sliding scale for non-principal residence property owned for between 22 and 30 years.)
Any unrecaptured gain from the sale of Section 1250 real property is taxed at a maximum 25% rate. Short-term capital gains are taxed as ordinary income according to the taxpayer’s tax bracket.
The net taxable capital gains (which can be calculated as 50% of total capital gains minus 50% of total capital losses) are subject to income tax at normal corporate tax rates. If more than 50% of a small business's income is derived from specified investment business activities (which include income from capital gains) they are not permitted ...
In most countries capital gains tax applies when precious metals are sold at a profit. Some countries also apply value added tax to precious metals. In the European Union, the trading of recognized gold coins and bullion products is VAT exempt, but no such allowance is given to silver. Elsewhere in Europe though, Norway has exempted both gold ...
Capital gains taxes are a type of tax on the profits earned from the sale of assets such as stocks, real estate, businesses and other types of investments in non tax-advantaged accounts.