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The other day we had a pretty interesting discussion here regarding Capital Gains taxes.
Anyway, my uncle was visiting today and he used to work at Bank of America in their investment management area. He talked about how ridiculous the capital gains tax...
Started by Brad Wardell on
, 28 posts
by 13 people.
Answer Snippets (Read the full thread at quartertothree):
If I were emperor?
Probably abolish capital gains as a concept and tax it as income, including?
Probably abolish capital gains as a concept and tax it as income, including unrealized gains.
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I am looking at buying some property and was playing with the numbers and came upon a plan. The buyer has depreciated the property and will have to pay capital gains tax on the gain.
So he can save $150 for every $1000 the sales price falls. I figure ...
Started by cleveman on
, 13 posts
by 8 people.
Answer Snippets (Read the full thread at contractortalk):
Yes loopholes are great, unless someone else got, you're assuming they don't have ....
Talk with a CPA, Tax/Real Estate Attorney...
As for how much you're going to save the person in capital gains...
Be reasonable and supportable.
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I'll start with this one, repeated only 2 days ago by Delusional Economics:
http://macrobusiness.com.au/2011/02/trouble-on-the-western-front/
Quote: : I guess that it all started in the early 1980s with the introduction of negative gearing.
Negative Gearing...
Started by Strindberg on
, 15 posts
by 9 people.
Answer Snippets (Read the full thread at australianpropertyforum):
Of the ....
Compared to pre-1985.
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Ask your Facebook Friends
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Have asked this before but did not have specifics so posting again.
Friend bought house 30 years ago for 57,000 in Dublin when she was single.
She bought a house and farm down the country in 2007 with her fiance (they married in 2009) but she remained...
Started by partnership on
, 11 posts
by 6 people.
Answer Snippets (Read the full thread at askaboutmoney):
This was and not £)
Index to allow for inflation: 2.253
Allowable cost: 128,000
Capital Gain 103,000
PPR relief 25/30 86%
Taxable Capital Gain: 14,420
Less annual exemption: 1,270
Approx Gain 13,000
Approx to allow....
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Last year Mitt Romney made about $20,000,000 last year (2009) and about the same in 2010. Of that he pays a low rate of 15% because he is not earning any wages but making money off of investments, which are known as capital gains. I personally don't have...
Started by alexalonso on
, 3 posts
by 2 people.
Answer Snippets (Read the full thread at streetgangs):
Is this fair? I know there was a time when people... .
I personally don't have a problem with a person paying 15% off of capital gains, but the media is killing Mitt Romney on this.
Of investments, which are known as capital gains.
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The capital gains tax is a tax on investments. It's a flat tax. It used to be 20%. It's now 15%. Making money investing is very different from a regular job where you get an hourly wage or a regular salary. Investing is a calculated risk. Even the very...
Started by Luna Tick on
, 10 posts
by 8 people.
Answer Snippets (Read the full thread at debatepolitics):
So, I would suggest you tax capital gains precisely....
There should be no special capital gains responsive to tax policy than, for example, income.
Allow losses to be written off.
Tax it as regular income.
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Hello I'm looking for help with capital gains tax.
I was gifted some shares from my parents in 2006 and I am now about to sell them.
For capital gains tax purposes what price do I use?
Will it be zero as I didnt pay for them
The price my parents paid ...
Started by Matt17 on
, 4 posts
by 3 people.
Answer Snippets (Read the full thread at moneysavingexpert):
Even using market value there will be above £10600 capital gain capital gains by the time we get to April 2014 so be careful about the terms of the notes and the date(s the rest in loan....
Ok thanks for the reply.
Market value.
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Can anyone help me with this:
My mother has a house that she has owned for 50 years. It is now worth about £800.000. During that time she has lived in it, divided it in two, lived in one half, let out both parts, and since 2000 has lived in one half and...
Started by hilly62 on
, 4 posts
by 4 people.
Answer Snippets (Read the full thread at moneysavingexpert):
Are that she'd have little or no capital gains tax issue but the time and splits means it's fairly fiddlyDid your father use any of his inheritance tax allowance, I'm asuming that the 6500 was left to her to is one inheritance....
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Capital Gains tax on sale of rented property? I am selling a rental house property (UK) for £135k, then buying a rental flat for £75k. Will I pay Capital Gains tax on the gain when selling the house, or only pay tax when selling the flat, as and when ...
Started by Jandyo on
, 5 posts
by 5 people.
Answer Snippets (Read the full thread at yahoo):
Gain is £135000 (less expenses again....
Capital items are reckoned individually as a rule.
Though as its capital GAINS tax you only pay tax on the profit so if you make 10,000 on the sale if there is a gain.
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French Capital Gains Tax percentage? We have lived in France for 5 years and are currently thinking about selling our house in the UK. As a UK non-resident we are not liable to pay UK capital gains tax but will have to pay it in France. My questions is...
Started by Jayne on
, 1 posts
by 1 people.
Answer Snippets (Read the full thread at yahoo):
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