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What is Capital Gain. How is capital gains tax computed?

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Question added by Musa Muhammad Dandikko , Chief Accountant, Acting Director, Procurement , Federal College of Education, Katsina
Date Posted: 2015/03/01
Muhammad Sajjad
by Muhammad Sajjad , Chief Accountant , Hassan Kabbani Est. for Gen. Const. of Buildings (IKK Group of Companies)

A type of tax levied on capital gains incurred by individuals and corporations. Capital gains are the profits that an investor realizes when he or she sells the capital asset for a price that is higher than the purchase price.

 

 

fadil hoory
by fadil hoory , محاسب , شركة مقاولات بالسعودية

 Capital gainsareprofitsfrom thesaleof assets heldfor individualfacilityengaged ina businessorindustrialorprofessionallyorownedlegal personorprofitsfrom the sale ofparticipation sharesin thecapital oflegal personsandthecapitalist profitusuallyis the difference betweenthe soldvalueand the book valuewith respect toassets, a differencebetween thevalue of thepartner's shareAlmtforeigtime of exitand the value ofhis stakewhen he enteredthe companyAndprocessedvaryfromstatetostatetax lawbythe statein which theactivityis located.

An increase in the value of a capital asset (investment or real estate) that gives it a higher worth than the purchase price. The gain is not realized until the asset is sold. A capital gain may be short term (one year or less) or long term (more than one year) and must be claimed on income taxes. A capital loss is incurred when there is a decrease in the capital asset value compared to an asset's purchase price.

Deleted user
by Deleted user

agreed with all ..........................

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