How to pay less capital gains tax - MoneySense

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(Illustration by Lauren Hom)

Of all the questions MoneySense receives (and we get a lot), the most popular is "How can I avoid capital gains taxes?" No wonder: capital gains taxes can take a big bite out of your wealth. It seems unfair that you have to fork over money to the government just for investing well, and most of us would rather run across hot coals than pay them.

Unfortunately,...

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Website: http://www.moneysense.ca

Dividend tax - Wikipedia

39.6%

20%

Soon after, Congress passed the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA), which included some of the cuts Bush requested and which he signed into law on May 28, 2003. Under the new law, qualified dividends are taxed at the same rate as long-term capital gains , which is 15 percent for most individual taxpayers. Qualified dividends received by individuals in the 10%...

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Date: 2018-04-03 05:20:21
Website: https://en.wikipedia.org

Namibia Taxes Overview | South African Tax Guide

Individual income tax rates in Namibia are progressive to 37%.

Taxable income (N$) Tax Rate

Up to 40,000 0%

40,001 to 80,000 27% on amount exceeding N$40,000

80,001 to 200,000 N$10,800 plus 32% on amount exceeding N$80,000

200,000 to 750,000 N$49,200 plus 34% on amount exceeding N$200,000

Over 750,000 N$236,200 plus 37% on amount exceeding N$750,000

Namibia tax year runs from 1 March to 28...

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Website: http://www.sataxguide.co.za

India - Income Tax | KPMG | GLOBAL

HRA is an allowance granted to meet the housing costs of the employee.

Direct tax implications

A tax exemption is available to employee towards HRA, limited to least of the following1 :

40 per cent of salary2 (50 per cent in case the house is situated in Mumbai, Delhi, Kolkata or Chennai);

HRA actually received by employee; and

Excess of actual rent paid over 10 per cent of salary.

HRA exemption...

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Date: 2018-04-05 04:55:46
Website: https://home.kpmg.com

Making Sense of Capital Gains Distributions | Canadian ...

@Willy: This is a great point: currency hedging can also lead to significant capital gains, because the forward contracts are sold and reset every month. Interestingly, however, the iShares MSCI EAFE Index ETF (CAD-Hedged) should be almost identical to ZDM, yet it distributed no gains for 2016. So the actual execution of the hedging strategy clearly varies from fund to fund, even if the both...

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Website: http://canadiancouchpotato.com

Related topics : pay capital gains tax / canadian tax capital gains and losses / investment funds capital gains tax / canadian tax capital gains / investment capital gains tax calculator

Tax in Spain for Expats - Experts for Expats

Tax in Spain for Expats

Last updated: 18 February 2016

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Follow @ExpertsForExpat

Tax in Spain is a very complicated affair and there are potentially severe fines and penalties for anybody who fails to declare and pay the correct tax in Spain.

Given that Spain has become of the most popular destinations for expats to relocate to anywhere in the world, for expats living in...

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Website: https://www.expertsforexpats.com

Capital Gains Tax Retirement Relief | Parfrey Murphy

Capital gains tax retirement relief is a relief from capital gains tax (CGT) available to individuals who dispose of all or part of the 'qualifying assets' of their business. The qualifying assets could, for example, include business assets used in a trade (such as�premises, goodwill or farming land) or family company shares.

CGT retirement relief can potentially reduce a CGT�tax bill�on...

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Website: https://parfreymurphy.ie

Related topics : capital gains tax relief on shares / capital gains tax relief / avoiding capital gains tax / no capital gains tax / tax planning capital gains

More investment property sales to be stung with capital ...

Government is extending the amount of time for which investment properties must be held before their owners can avoid capital gains tax - despite a warning that it could be bad news for renters.

Revenue Minister Stuart Nash confirmed the "bright-line" test would be extended from two years to five in legislation working through Parliament.

"The extension of the previous government's bright-line...

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Website: https://www.stuff.co.nz

Related topics : capital gains tax investment property sale / investment property capital gains tax rate / capital gains tax investment property / new capital gains tax on property / new capital gains tax on sale of home

The High Cost of High Dividends | Canadian Couch Potato

In our recent white paper, Asset Location for Taxable Investors , Justin Bender and I argue that investors may be better off keeping their bonds in an RRSP , while equities should be held in a taxable account (assuming, of course, that all registered accounts have been maxed out). At the end of the paper, however, we noted one exception: investors who use high-dividend strategies may well be...

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Website: http://canadiancouchpotato.com

UK - Income Tax | KPMG | GLOBAL

rental income

trust income: and,

certain gains from offshore funds which do not report any arising income (i.e. it is all rolled up within the fund and reflected in an increased unit value) are also subject to income tax

Other types of income and capital receipts may also be subject to U.K. income taxes but are outside the scope of this document.

Employment income is taxable when received, or...

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Date: 2018-04-05 10:57:57
Website: https://home.kpmg.com

Botswana Taxes Overview | South African Tax Guide

Capital acquisitions tax - No

Real property tax - See under "Other taxes on corporations".

Inheritance/estate tax - Donations, other gratuitous disposals (such as inter vivos gifts) and estates of deceased individuals are subject to capital transfer tax. The rate is graduated up to 5% for individuals.

Net wealth/net worth tax - No

Social security - No

Administration and compliance:

Tax year - The...

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Website: http://www.sataxguide.co.za

Cyprus Company Incorporation | €950 - Company Set Up

Tax Incentives

Cyprus has a significantly upgraded image as a jurisdiction since its EU Accession on 1 May 2004.

With the enactment of its New Tax Legislation on 1 January 2003 (including 3 amending laws, the last one in November 2004) and the abolition of the "offshore regime", Cyprus has put a simplified, effective and transparent tax system in place that is fully EU, OECD, FATF and FSF...

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Website: http://www.fbscyprus.com

Using PPR to Reduce Capital Gains Tax - Fylde Tax Accountants

First Published: November 2011 | Available in: Property Articles Property Investor News Your Property Network

By specialist property accountant Stephen Fay ACA

Many property investors have heard of 'Principal Private Residence' tax relief when selling a property-this is the relief that ensures that no capital gains tax is payable on the sale of a private home (residence). PPR is a key tax relief...

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Date: 2018-04-05 22:31:54
Website: http://www.fyldetaxaccountants.co.uk

What attracts our attention | Australian Taxation Office

What attracts our attention

To help you get things right, you should consider the behaviours, characteristics and tax issues that attract our attention. We've published this information below - it's part of our commitment to transparency in working with privately owned and wealthy groups.

Broadly, the following behaviours and characteristics may attract our attention:

tax or economic performance...

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Website: https://www.ato.gov.au

Taxation in Germany - Wikipedia

Income from letting property

Miscellaneous income.

If a taxpayer's income does not fall into any of these categories, then it is not subject to income tax. This includes winnings at a lottery, for example.

Income tax[ edit ]

German income tax rate in 2010 as a function of taxable income

The rate of income tax in Germany ranges from 0% to 45%. The German income tax is a progressive tax , which...

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Date: 2018-04-04 16:16:32
Website: https://en.wikipedia.org

Tax laws in India - GST, Filing Return, tax Forms, Compan ...

Taxation of foreign income entails the taxation by one country of income that its residents earn in another country.

Tax incidence of an individual solely depends upon his residential status

Pre-requisite of Taxes : A perk is an additional benefit provided by an employer, in cash or in kind, apart from regular salary and allowances.

It may be in cash or in kind and results in a personal benefit...

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Date: 2018-04-03 03:11:40
Website: http://www.legalserviceindia.com

10 Tax mistakes on financial statements and income tax ...

10 Tax mistakes on financial statements and income tax returns Philippines

By: Garry S. Pagaspas, CPA

Comes 2014 calendar year filing season, taxpayers, accountants, and tax agents in the Philippines are on their respective schedules for the filing of the annual income tax returns with attached audited financial statements not later than April 15, 2015.�During tax seasons in the Philippines,...

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Date: 2018-04-04 09:46:14
Website: http://taxacctgcenter.org

SEIS Calculator

20%

none

Anticipated return (multiple of investment 0 x is complete failure, 1 x is return of original investment, more than 1 x is a multiple of original investment)

SEIS

YOUR NET COST OF INVESTMENT

Income tax relief

Capital gains tax re-investment relief

therefore, net cost of investment

% of original gross investment

plus, Capital gains tax deferred

ANTICIPATED...

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Date: 2018-03-16 17:20:06
Website: http://www.seiscalculator.co.uk

Related topics : investment capital gains tax calculator / investment capital gains tax / avoiding capital gains tax / uk capital gains tax calculator / capital gains tax relief eis

How does Inheritance tax and capital gains work with ...

Woodlands get some protection from these "capital taxes" in order to encourage people to invest in forestry and to manage it commercially.  This blog explains in outline how these taxes affect woodlands.  Of course,  income from sale of timber is completely tax free whether the woodland is owned by individuals or held in a limited company, but relief from IHT (Inheritance Tax) and CGT...

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Website: http://www.woodlands.co.uk

Related topics : capital gains tax relief on sale of property / inheritance tax capital gains / capital gains tax relief on property / capital gains tax investment property sale / capital gains tax on land sale

Canadian Snowbirds and U.S. Tax - Joseph C. Grasmick

Introduction

Many Canadians have found that the best way to deal with the harsh Canadian winter is to not deal with it at all. Instead they fly to sunny Florida, or other locations in the southern United States, for several months out of the year. Although the weather can be enticing, Uncle Sams tax collector, the Internal Revenue Service, may have a few unpleasant surprises for the unwary. ...

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Date: 2010-05-13 13:56:44
Website: http://www.grasmick.com

Capital gains tax in Australia - Wikipedia

Capital gains tax (CGT), in the context of the Australian taxation system , is a tax applied to the capital gain made on the disposal of any asset, with a number of specific exemptions, the most significant one being the family home. Rollover provisions apply to some disposals, one of the most significant of which are transfers to beneficiaries on death, so that the CGT is not a quasi death duty...

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Date: 2018-03-20 07:52:18
Website: https://en.wikipedia.org

Giving up Canadian residence - Tax planning guide GTC

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Giving up Canadian residence

In general, if you cease to be a resident of Canada, you'll be deemed to have disposed of and reacquired your capital property at its FMV on that date. You'll be subject to tax on any taxable capital gain resulting from this deemed disposition.

These deemed disposition rules apply to all capital property unless specifically excluded. Such excluded property...

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Website: http://www.taxplanningguide.ca

1031 Exchange Rules California - 1031 Tax Deferred Exchange

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In a traditional sale of property, the seller is required to pay capital gains taxes on any gain realized in the sale. One way to avoid paying capital gains taxes is to defer payment by entering into a Section 1031 Exchange. As the name implies, a 1031 Exchange contemplates an "exchange" of like-kind property instead of a traditional sale. If the transaction qualifies, any realized gain is...

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Website: http://www.atlas1031.com

Related topics : capital gains tax investment property sale / capital gains tax property sale / property tax sales california / capital gains tax sale / pay capital gains tax

CFD Tax Treatment

One of the advantages of CFDs over regular share trading is the comparatively favourable tax treatment of the former, providing traders with a more cost-effective way to invest. While the tax treatment of contracts for difference is naturally variable from jurisdiction to jurisdiction, the UK makes special provisions for CFDs as a result of certain of their characteristics, ensuring the trading...

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Website: http://www.cfdspy.com

Related topics : capital gains tax relief on shares / capital gains tax reliefs and exemptions / uk capital gains tax on shares / capital gains tax shares / capital gains tax exemption

Flat tax - Wikipedia

Flat tax proposals differ in how the subject of the tax is defined.

True flat rate income tax[ edit ]

A true flat rate tax is a system of taxation where one tax rate is applied to all personal income with no deductions.

Marginal flat tax[ edit ]

Where deductions are allowed, a 'flat tax' is a progressive tax with the special characteristic that, above the maximum deduction, the marginal rate on...

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Date: 2018-04-03 05:20:05
Website: https://en.wikipedia.org

Spain - Income Tax | KPMG | GLOBAL

Autonomous community tax rate table

Note: Each Autonomous Community has to approve its own scale of rates.�

Investment income and capital gains are taxed at a rate of 19 percent for amounts up to EUR 6,000, 21 percent for income in an amount between EUR 6,000 and EUR 50,000, and 23 percent for amounts exceeding EUR 50,000.

Non-residents

In general, non-resident taxpayers are taxed at the rate...

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Date: 2018-04-05 21:05:17
Website: https://home.kpmg.com

Property, Residency and Law in Spain

The Laws regarding House/Property Purchase and Capital Gains etc are quite involved and have changed fairly recently. Ideally you need not only an Escritura but also a Nota Simple and a Referencia Catastral. I would advise that at the least you purchase a book which outlines Spanish Law. One such is entitled, "You & the Law in Spain" by David Searl. Costing about £19.95, it incorporates his...

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Date: 2010-08-12 22:44:52
Website: http://www.practicalspain.com

Budget 2018-19 Highlights: No Change In Income Tax Slabs ...

Budget 2018 Highlights: No Change In Income Tax Slabs, Introduces Standard Deduction

Finance Minister Arun Jaitley introduced standard deduction of Rs 40,000 for the salaried class.

Budget 2018 | NDTV Profit Team | Updated: February 01, 2018 16:54 IST

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COMMENTS

Budget 2018: Taxpayers will watch Arun Jaitley's speech closely for any tax sops in income tax

Finance Minister Arun...

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Date: 2018-04-05 23:40:20
Website: https://www.ndtv.com

Automated Tax-Loss Harvesting Strategy | Wealthfront ...

Wealthfront Tax-Loss Harvesting White Paper

Summary

This white paper summarizes the motivation, design and execution of Wealthfront's daily tax-loss harvesting service. Our actual results and historical backtests demonstrate that tax-loss harvesting significantly improves the tax efficiency and ultimately the after-tax return of Wealthfront's taxable portfolios. We believe tax-loss harvesting...

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Website: https://research.wealthfront.com

Deadline For Filing Late, Revised Income Tax Return Is ...

March 31 is approaching. It is the last date for filing belated or revised�income tax�return for assessment years 2016-17 (financial year FY2015-16) and 2017-18 (FY2016-17). "Belated or revised returns for AY2016 and 2017-18 can only be filed up to March 31, 2018 (with interest, if any, for late filing)" the Income Tax Department said in a communication issued in newspapers. Individuals...

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Website: https://www.informalnewz.com

Deadline For Filing Late, Revised Income Tax Return Is ...

Deadline For Filing Late, Revised Income Tax Return Is....

March 31 is approaching. It is the last date for filing belated or revised�income tax�return for assessment years 2016-17 (financial year FY2015-16) and 2017-18 (FY2016-17). "Belated or revised returns for AY2016 and 2017-18 can only be filed up to March 31, 2018 (with interest, if any, for late filing)" the Income Tax Department said...

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Website: http://www.teckmarthub.com

Top 10 Tax Considerations When Selling Your Business ...

By� Marty Culhane , J.D., CPA*

Many buyers and sellers of businesses put tax issues on the "back burner" and don't consider tax consequences until after a deal is struck, including a deal on purchase price. Ignoring tax considerations at the outset of a transaction is a big mistake and can put you in an adverse negotiating position, even if the letter of intent that was signed was...

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Website: http://www.smallbiztaxadvisor.com

Reaping the rewards - taxation.co.uk

Pressure to increase national housing stock may result in more property sale issues.

Capital gains tax rates have been reduced, but not for residential property disposals.

Lower corporation tax rates are resulting in more incorporations, which can have entrepreneurs' relief advantages.

Remember that 100% agricultural property relief can be obtained, but this will be confined to the agricultural value.

Value added tax registration may be advantageous in recovering significant input tax on professional fees and related costs.

Take care to...

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Date: 2018-04-05 23:34:17
Website: https://www.taxation.co.uk

Related topics : capital gains tax relief on sale of property / capital gains tax relief on property / capital gains tax on land sale uk / capital gains tax on land sale / capital gains tax property sale

Is Inheritance Money Considered Income on IRS Taxes ...

Is Inheritance Money Considered Income on IRS Taxes?

January 15, 2011

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It might seem like the Internal Revenue Service wants its percentage every time money changes hands, but this isn't quite the case. Inheritances are not considered income and they aren't taxed as such. This isn't to say that no taxes will ever come due on inherited assets, however. Several things can change...

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Website: https://www.sapling.com

Related topics : income tax long term capital gains / inheritance tax vs capital gains / capital gains tax rate long term / inheritance tax capital gains / capital gains tax income

- Jason Lee's Making Money out of Property in South Africa

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Definition

A Trust in the narrow sense refers to the legal institution where an intermediate person/s, the trustee/s, holds property as owner thereof in his /her capacity as trustee in accordance with the expressed wishes of another person, the settlor or founder, not for his/her personal benefit but for the benefit of named or ascertainable beneficiaries or for...

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Website: http://www.jasonlee.co.za

Related topics : trust capital gains tax rate / capital gains tax rate / capital gains tax income / capital gains tax on rental property / capital gains tax property sale

Capital Gains and Your Home Sale - American Tax Service

Selling your primary home can make up to $250,000 in profit or double that if you are married, and you won't owe anything for capital gains.

The only time you are going to have new tax obligations are if you make a huge gain.

Many sellers are surprised that this is true, especially if they have been living in their home for years. This is because before 1997, the only way you could avoid paying...

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Website: americantaxservice.org

CPABC - Tax Tips 2014 - bccpa.ca

Employment Income, Deductions, and Credits

Reducing Payroll Deductions

If you are making RRSP contributions, you might be able to reduce the income tax deducted from your pay cheque. Ask your employer to make the contribution(s) to your RRSP directly and deduct the payments from your salary. The employer calculates the required income tax withholdings based on the portion of your salary remaining...

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Website: https://www.bccpa.ca

Convention between Canada and Switzerland For the ...

Convention between Canada and Switzerland For the Avoidance of Double Taxation with Respect to Taxes on Income and on Capital

Convention between Canada and Switzerland For the Avoidance of Double Taxation with Respect to Taxes on Income and on Capital

This consolidated version of the Canada-Switzerland Tax Convention, as signed on May 5,1997 and amended by the Protocol signed on...

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Website: fin.gc.ca

How to dodge tax in retirement - NewsComAu

tax

Five legal tax dodges to keep more money in retirees' pockets

YOU shouldn't pay more tax than you legally have to. Here are some strategies to cut your bill.

ANTHONY KEANE

News Corp Australia NetworkFebruary 24, 20151:22pm

Many retirees can save a lot of money but structuring their tax correctly.Source:Supplied

DODGING tax is different to dodgy tax, and retiring Australians have plenty of...

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Website: http://www.news.com.au

Taxation in Norway - Wikipedia

Magnus Lagabøte's Landslov

National Archival Services of Norway

Taxation in Norway can be traced back to the petty kingdoms before the unification of Norway . The kings of the petty kingdoms were not permanent residents of one single royal estate, but were moving around in their kingdom, staying for a while at royal estates in each part of it. The peasants in the area where the king stayed, were...

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Date: 2018-04-04 20:12:47
Website: https://en.wikipedia.org

CGT Implictions – Transferring, Gifting & Adding Names ...

TRANSFER, whole or Portions OF PROPERTY or

ADDING NAME TO TITLE

Due to the large number of queries we receive requesting information in regards to the CGT implications of transferring property outside of a formal buy/sell arrangement we trust the basics and examples below will help you when considering the various issues to consider as you set about implementing this major change.

What are the...

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Website: https://propertytaxspecialists.com.au

Wills, inheritance tax and law of succession in South Africa

If you relocate to South Africa and buy property or settle there long-term, it's important to understand the law of succession in South Africa and the inheritance tax that can apply. As a foreigner, it may be necessary to write a last will and testament in South Africa to ensure your assets are protected in the event of your death.

This guide explains applicable inheritance laws in South Africa...

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Website: https://www.expatica.com

Related topics : uk capital gains tax on property non resident / uk capital gains tax for non residents / inheritance tax capital gains uk / inheritance tax capital gains / real estate tax capital gains

Singapore's government says it's not a tax haven, it's a ...

Singapore is not a tax haven, it's a value-adding hub.

That is the claim of the island nation's Economic Development Board, the Singaporean government agency that's been charged with attracting business and investment. It has disputed recent claims at the Senate inquiry into corporate tax avoidance that it's being used as a tax haven channelling billions of dollars for Australian companies.

The...

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Website: https://www.smh.com.au

Related topics : australia capital gains tax rate / government sales tax singapore / investment capital gains tax rate / ato capital gains tax rate / trust capital gains tax rate

Capital Gains and Your Home Sale in 2017, 2018

Selling your primary home can make up to $250,000 in profit or double that if you are married, and you won't owe anything for capital gains.

The only time you are going to have new tax obligations are if you make a huge gain.

Many sellers are surprised that this is true, especially if they have been living in their home for years. This is because before 1997, the only way you could avoid paying...

Read more


Website: americantaxservice.org

Convention Between Canada and France for the Avoidance of ...

Publications and Reports

Convention Between Canada and France for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes On Income and on Capital

CONVENTION BETWEEN CANADA AND FRANCE FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME AND ON CAPITAL

This consolidated version of the Canada-France Income Tax...

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Website: fin.gc.ca

Guidance from SARS on provisional tax estimates - Wallrich

All corporate taxpayers as well as individuals earning significant investment income or operating businesses in their own name are subject to provisional tax. The provisional tax system essentially provides fiscus with a mechanism to collect income tax during the course of the year. The legislation requires provisional taxpayers to estimate their taxable income for a year in the middle of the...

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Date: 2018-04-05 20:15:38
Website: http://www.wallrich.co.za

Withdrawing notices to file tax returns : Mark McLaughlin ...

Withdrawing notices to file tax returns

Posted on | July 13, 2013 | Comments Off on Withdrawing notices to file tax returns

HMRC can require any person to file a self-assessment return, if it considers that the return is necessary. HMRC has a statutory power to issue a notice to file a tax return. For personal tax returns by individuals, this power is contained in TMA 1970, s 8. There is a...

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Website: http://www.markmclaughlin.co.uk

How to Sell Rental Property and Not Pay Capital Gains ...

When you make money on a rental property, the IRS will take their cut of your profits through capital gains taxes and through taxing your recaptured depreciation. These taxes can take a big chunk out of the sale proceeds from your rental property. But, as long as you plan to take your sale proceeds and use them to buy more investment real estate, you can defer all of your taxes by conducting a...

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Website: http://homeguides.sfgate.com

Related topics : capital gains tax on rental property / capital gains tax investment property sale / capital gains tax property sale / new capital gains tax on property / capital gains tax investment property

What's CRA's Position on Family Gifts? | FBC, Canada's ...

Large gifts of money and property will get CRA's attention.

Follow these tips to limit the tax burden for giver and receiver.

Gifts of property among family members are common and can be very welcome for the recipient and satisfying for the giver.

Although Canada has no gift tax, in some cases a gift can trigger tax rules that could increase your income taxes and prevent a win-win situation for...

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Website: https://www.fbc.ca

Taxes in Spain: Tax Rates and Special Expat Taxes

Income in Spain is roughly defined as:

Wages and salaries, either as a salaried employee or as a businessperson

Pension benefits

Dividends, yields, interest and capital gains

An employer's pension contributions

The tax rate for expats could be advantageous..."

Special Expat Income Tax Regime in Spain

As of 10 June 2005, the Spanish government approved a new tax regime for expatriates working in...

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Website: http://www.spainexpat.com

Related topics : new capital gains tax rates / capital gains tax rate / current capital gains tax rate / new capital gains tax on property / capital gains tax income