The Capital Gains Blog

Posts Tagged ‘finance’

Question: If you sell your business is it a capital gain/loss or is it treated as income for tax purposes?

Answer: The sale of a business is a highly complex transaction, involving the transfer of assets, inventory, goodwill, etc. Each has it’s own tax treatment so professional assistance is mandatory for all parties involved in the transfer. Most business transfers will involve both capital gains (or losses) as well as some component of ordinary gains (or losses).

Treasuries Find Greenspan’s Canary Fainting in Mine (Update2)

March 29 (Bloomberg) — Former Federal Reserve Chairman Alan Greenspan’s warning that rising yields on government debt will drive up American borrowing costs is resonating with the world’s biggest bond traders, who say this month’s losses in the market for U.S.

Question: What is the best stock management tool for indian stock markets ?

I want to be able to track capital gains , genertae reports, or see asset allocations, may be create an asset allocationplan etc from that software /service.
(Something LIKE micrsoft money but for indian markets..)

Answer: first set your portfolio on a wesite which is very good that will link you to current position! try 10paisa.com or moneycontrol.com or google it!

How open is open core and is that open enough

ZDNet: “The idea is that you make the center of your product open source, but put the rest under a paid license. This is supposed to make your venture capital backers happy. You gain the benefits of open source but customers aren’t “stealing” the software.”

Asian Markets Overview for March 4, 2010

Question: Do you need to pay tax on capital gains if you reinvest immediately? (Canadian tax laws apply)?

I bought RY and hold for 9 months, sold in November 06, then reinvest all the proceeds into TD. My cap gain was roughly $5,000. Do I have to pay tax on that?

Answer: Yes you do.

YOu must claim the $5000 as a capital gain, regardless of the fact that you reinvested it. Complete Schedule 3 on your tax return and be sure to deduct any commissions that you paid your broker.

The taxable portion of this gain will only be $2,500.

Ark. GOP gubernatorial candidate Keet calls for cuts in capital gains, income taxes

LITTLE ROCK, Ark. – Republican gubernatorial candidate Jim Keet on Tuesday called for phasing out the state’s tax on capital gains and a reduction in Arkansas’ income tax.

Question: Does short term gains on stocks sold count as earned or unearned income?

I know that interests and dividends are unearned income.

And I know that wages, salaries and tips are earned income.

But what about short term capital gains?

Answer: While they are taxed as ordinary income, they are not considered “earned income” so you can not use them for calculating the earned income credit or an IRA contribution.

Aussie Short-Term Notes to Slide as RBA Just Starting (Update1)

Australian shorter-term bonds will fall at a faster pace than longer-dated government debt as the central bank increases interest rates faster than the market’s “benign” expectations, ING Investment Management said.

What is really important?

Question: capital gains if you move into your buy to let?

I own three houses that are let as investment properties
My wife and i are seperating and i amconsidering moving into one of the buy to let properties and getting rid of the tenant
What are the Capital Gains Tax implications of doing this. Have I effectively sold the investment property to myself at the market value on the day I move in?

Answer: Waggy does know something about tax. Unfortunately, he has answered a question posted in the UK section based on US tax law.

Now, assuming that you hold the properties personally – no partnership and no limited company – you have no immediate tax issues. You will not be treated as having disposed of it to yourself. A period of principal private residence can only reduce your taxable gain, never increase it. Likewise, it will reduce any allowable loss. So the future tax issues are not painful either.

Old know all gives a simplistic answer. When/if you come to sell, engage a Chartered or Certified Accountant to do your return. There are a few kinks in the law which will save you more tax than you might think.

The guide top ten: Getting to grips with the financial connotations of living together

EACH week The Scotsman gives you a top ten guide to pertinent financial issues. The financial connotations of cohabitation will not be top of the agenda for those deciding o