Legal Dictionary

Search results for: “capital gain”

  • Capital Assets

    In relation to income tax law, these are assets held by the taxpayer which are not used in his trade or business. Harris v U.S.(D.C. Va.)431 F. Supp. 1173.

  • Capital Loss

    For purposes of deductibility in relation to income tax, a loss resulting from sale or exchange of capital asset is a capital loss as opposed to an ordinary loss. Stamler vC.I.R., 145 F.2d37.

  • Chargeable Gain

    English Legal System: Chargeable GainIn the context of the English law, A Dictionary of Law provides the following legal concept of Chargeable Gain : A profit made on the disposal of an asset, which may attract *capital gains tax or *corporation tax.

  • Capital Allowance

    English Legal System: Capital AllowanceIn the context of the English law, A Dictionary of Law provides the following legal concept of Capital Allowance : A tax allowance for businesses on capital expenditure on particular items. These include *machinery and plant, industrial buildings, […]

  • Capital Loss Carryover

    United States Tax Concept of Capital Loss Carryover The amount of capital loss not allowed as a deduction in the current year and carried over to the next year. A capital loss that is not deductible because it exceeds the annual $3,000 capital loss ceiling. A carryover loss may be deducted […]

  • Long-Term Capital

    United States Tax Concept of Long-Term Capital Gain or Loss Your profit or loss from the sale of a capital asset that you held for more than 1 year.

  • Capital Transactions

    Transactions involving capital assets, or involving the capital structure of a corporation. See also capital gains….

  • Paper Gain (Loss)

    Unrealized capital gain (loss) on securities held in portfolio, based on a comparison of current market price to original cost….

  • Ordinary Income

    United States Tax Concept of Ordinary Income Income such as wages, interest, dividends, and net income from a business, that does not qualify to be taxed as a capital gain.

  • Distributions

    Payments from fund or corporate cash flow. May include dividends from earnings, capital gains from sale of portfolio holdings and return of capital. Fund distributions can be made by check or by investing in additional shares. Funds are required to distribute capital gains (if any) to […]

  • Gross Dividends

    United States Tax Concept of Gross Dividends The total of all dividends you received. Your gross dividends are the sum of any ordinary dividends, capital gains distributions, and nontaxable distributions you received during the tax year. Ordinarily Gross Dividends are paid by […]

  • Unearned Income

    United States Tax Concept of Unearned Income Income from investments, such as interest, dividends, capital gains, or rents, as opposed to earned income, such as wages, tips, and salaries.

  • Section 1245

    United States Tax Concept of Section 1245 This section of the Internal Revenue Code deals with depreciable personal property such as business equipment and vehicles. Any gain on the sale in excess of depreciation may qualify for favorable capital gains tax treatment under certain conditions.

  • Alternative tax

    Under the income-tax laws, an option available to taxpayers calculating the tax to be paid on long-term capital gains….

  • Riding The Yield Curve

    Buying long-term bonds in anticipation of capital gains as yields fall with the declining maturity of the bonds….