This comes in the backdrop of Finance Minister Nirmala Sitharaman raising the tax-rebate threshold from ₹7 lakh to ₹12 lakh ...

Learn how capital gains are taxed and how to avoid paying more taxes than necessary when selling your assets. Investors can sigh relief for the 2024 tax year. Despite the capital gains inclusion ...

Investors can sigh relief for the 2024 tax year. Despite the capital gains inclusion rate being changed as of June 25, 2024, it has since been delayed until 2026 by the Department of Finance Canada.

If you make a gain after selling a property, you'll pay 18% capital gains tax (CGT) as a basic-rate taxpayer, or 24% if you pay a higher rate of tax. For other assets, such as shares, the rate depends ...

In other asset classes, this period is 24 months. Please note that additional components like surcharge and cess also apply while calculating the effective capital gains tax in both categories. The ...

Capital gains and losses are taxed differently from income like wages, interest, rents, or royalties, which are taxed at your federal income tax rate (up to 37% for the 2024-2025 tax filing season).

It’s not a specific tax, per se…. But more on that below. For more on the ins and outs of how capital gains works, read: Capital gains explained. Before we dive into the tax part, let’s go ...

Interestingly, Singapore is also proposing to tax capital gains with effect from Jan 1, 2024. However, the scope of taxation would be limited to gains on sale of foreign assets that are received ...