Adding insult to injury, the Internal Revenue Service thinks he has a $125,000 profit, although he probably can avoid paying capital gains tax on the first $500,000 of gains if he’s married.

Source: https://www.heraldnet.com/opinion/comment-its-more-than-home-prices-making-housing-unaffordable/

Again, a pre-announced and quite radical change in capital gains tax (and tax on dividend incomes) will leave them worse off sooner or later.

Source: https://www.independent.co.uk/money/main-budget-points-summary-2023-b2301928.html

A whopping $23 billion is forgone by the Australian Taxation Office to give a capital gains tax exemption to individuals and trusts holding assets for more than 12 months.

Source: https://thenewdaily.com.au/news/politics/2023/02/28/chalmers-superannuation-changes/

Budget writers in the Democratic-controlled Legislature have already factored in the $500 million expected annually from the capital gains tax into the new state budgets being written this spring.

Source: https://crosscut.com/politics/2023/03/wa-capital-gains-case-settled-whats-next-tax-reform

CAR calculated that just over 2.7 million California homeowners would be subject to paying a capital gains tax if they sold today.

Source: https://www.dailybreeze.com/2023/10/16/amid-booming-home-prices-capital-gains-tax-is-crimping-inventory-lawmakers-say/

If your capital gains tax rate at the time was 30%, this would have resulted in $0.60 tax savings.

Source: https://www.etftrends.com/direct-indexing-channel/how-well-does-tax-loss-harvesting-work/

“Lastly, are carbon credits subject to capital gains tax?

Source: https://www.insider.co.uk/news/scottish-accountant-calls-carbon-tax-30241430

Making AIM shares ISA eligible meant investments into AIM shares were potentially free of income tax, capital gains tax and, after two years, inheritance tax – one of the most generous sets of tax reliefs available to UK investors.

Source: https://londonlovesbusiness.com/aim-looking-as-attractive-as-ever-to-iht-conscious-investors-as-it-approaches-ten-year-isa-anniversary/

Mr Shah explained: 'When someone acquires the property through a raffle in this way, their capital gains tax base cost is considered to be the market value of the property at the time they acquired it.

Source: https://www.dailymail.co.uk/property/article-11937015/You-end-tax-burden-win-house-prize-draw.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

National had long promised to make tax cuts, and with government reports supporting the benefits of a wealth or capital gains tax, expectations had been rising for one - perhaps with some tax relief to balance it out.

Source: https://www.odt.co.nz/opinion/chris-hipkins-rise-and-fall-boy-hutt

Not only do you benefit from the future protection against tax of holding investments in an Isa, but you also use up some of this year’s higher capital gains tax allowance.

Source: https://www.dailymail.co.uk/money/isainvesting/article-11891393/Should-sell-investments-Bed-Isa-wise.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

See the box on the right for an explanation of inheritance tax, and look here for a previous column on how capital gains tax works.

Source: https://www.dailymail.co.uk/money/experts/article-11722575/My-mum-wants-disinherit-sister-tax-pay-split-share-her.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

Suresh P Iyengar, Deputy Editor, discusses the recent capital gains tax amendment and its impact on mutual fund investors in this podcast.

Source: https://www.thehindubusinessline.com/multimedia/audio/finance-bill-2023-how-will-it-impact-mutual-fund-investors/article66657429.ece

The home must be in Australia, have been owned by you or your spouse for at least 10 years, and the disposal must be exempt or partially exempt from capital gains tax (CGT).

Source: https://thenewdaily.com.au/finance/2023/01/08/income-test-seniors-ask-the-expert/

Tom Lee, head of trading proposition, Hargreaves Lansdown: ‘Given the cut to the capital gains tax and dividend allowances coming in April this year, the benefits of Share Exchange to shelter your investments from tax are even stronger.

Source: https://www.dailymail.co.uk/money/isainvesting/article-11736763/Hargreaves-Lansdown-new-service-helps-investors-Isa-tax-shelter.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

You can limit any capital gains tax by checking to see if you are carrying forward any capital losses from earlier years.

Source: https://www.smh.com.au/money/super-and-retirement/how-can-i-reduce-the-land-tax-i-pay-on-my-property-20230406-p5cym5.html?ref=rss&utm_medium=rss&utm_source=rss_feed