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Capital gains tax refers to a tax on the profits one makes when selling things. There is a tax-free allowance for all, as well as some additional relief available, depending on one's economic situation.

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12y ago

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Where can I find cheap capital gains tax software?

Trader Tax is the name of a tax software company that specializes in doing capital gains software. You can find them on their website, and you can download the software from there.


How much is the US capital gains tax?

Capital gain taxes are based in large part on your ordinary tax rate.... * Ordinary tax rate 10%, long term capital gains tax 0%, short term capital gains tax 10% * Ordinary tax rate 15%, long term capital gains tax 0%, short term capital gains tax 15% * Ordinary tax rate 25%, long term capital gains tax 15%, short term capital gains tax 25% * Ordinary tax rate 28%, long term capital gains tax 15%, short term capital gains tax 28% * Ordinary tax rate 33%, long term capital gains tax 15%, short term capital gains tax 33% * Ordinary tax rate 35%, long term capital gains tax 15%, short term capital gains tax 35%


What is the best way to find the original price of a stock for capital gains tax purposes?

How do i find the price of a share on 01.06.1993 in order to calculate any capital gains tax liability


What is Capital Gains Tax Software?

There is no tax software specifically called "Capital Gains Tax Software". Capital gain tax software is a product that tracks capital gains tax information for you and/or assists you in filing your tax return with that information. SPK Credit recommends Simply Track as the best software for this and the product can be downloaded for free from here: http://download.cnet.com/Simply-Track-Pro/3000-2047_4-10350587.html


How much is the capital gains tax in Ohio?

A capital gains tax is applied to the sale of financial assets. The capital gains tax in Ohio is 15 percent.


Where can I find information on capital gains tax for 2011?

If you want to find out capital gains tax for 2011 in the United States, please check out a great wikipedia article that I found while searching this year. Please check this out for more details: http://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United_States


What is the capital gains tax?

The capital gains tax rates are determined by the type of investment asset and the holding period of the asset. In additional to the federal capital gains tax rates, your capital gains will also be subject to state income taxes. Many states do not have separate capital gains tax rates. Instead, most states will tax your capital gains as ordinary income subject to the state income taxes rates.


How do you compute capital gains tax?

To compute capital gains tax, subtract the original purchase price of an asset from the selling price to determine the capital gain. Then, apply the capital gains tax rate to the gain to calculate the tax owed.


How do you calculate capital gains tax on investments?

To calculate capital gains tax on investments, subtract the purchase price of the investment from the selling price to determine the capital gain. Then, apply the capital gains tax rate to the gain to determine the tax owed.


How do you figure capital gains tax on investment profits?

To calculate capital gains tax on investment profits, subtract the purchase price of the investment from the selling price to determine the capital gain. Then, apply the capital gains tax rate to the gain to determine the tax owed.


Do people have to pay income tax on realized investments after they pay capital gains tax?

No. You will not pay income tax in addition to capital gains tax if I understand you correctly. However, capital gains tax for an individual is reported and paid on your 1040 income tax return. The only difference is that the rate for capital gains taxes is lower than the regular income tax levels.


How does capital gains tax impact on investments by people?

Higher the capital gains tax, lesser would be incentive for investment.