The Capital Gains Blog

Posts Tagged ‘planning’

Question: does a foreign investor pay capital gains on real estate when selling?

Answer: You betcha! At 30% of the gain, or at least double the rate that US citizens pay in most cases. The tax is withheld from the proceeds by the paying agent and is paid directly to the IRS. No tax return is required.

Gregg’s deficit panel killed

The U.S. Senate has rejected Sen. Judd Gregg’s plan to set up a bipartisan commission to make deficit-cutting recommendations requiring a fast-tracked, up-or-down vote by the House and Senate.

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Question: What is the Capital Gains Tax?

I am an entrepreneur and I am planning for the future when we sell our business. Does the capital gains percentage vary depending on the size of the capital gains?

Answer: Depends upon how long the asset was held. If for one year or less, it’s taxed at your margainal rate so the rate will depend upon total income. If held for over one year it’s taxed at the long term CG rate which is normally 15%. However if your marginal rate is already 15% or less the rate drops to 5% regardless of the size of the gain.

China’s Stocks Fall to One-Month Low; Banks, Automakers Decline

Jan. 25 (Bloomberg) — China’s stocks fell, dragging the benchmark index to a one-month low, on concern more banks will raise capital after Bank of China Ltd.