Homeowners filing joint returns would be exempted from paying capital gains taxes
on profits up to $500,000 from the sale of their principal home.
Section 1031 of the Internal Revenue Code provides that the federal capital gains taxes
are deferred when equity from business or investment real estate sales are exchanged into new properties.
Appreciation means higher capital gains taxes
, a dent in value that most would rather avoid when cashing out of a property.
They also can delay capital gains taxes
on the profit.
Reducing capital gains taxes
also is very important to small businesses, Knight said.
Unfortunately, the lack of specialized guidance in the marketplace is preventing property owners from realizing the substantial tax and lifestyle advantages of TIC 1031 exchanges, which enable investors to trade up to more valuable properties, while avoiding current capital gains taxes
, depreciation recovery and the day-to-day tenant, service and maintenance issues often associated with sole ownership of commercial properties.
Capital gains taxes
eliminate more than hall of their 10-year return on investment.
NYSE: CHN) (the "Fund") announced today that, in accordance with the terms of a long-standing agreement, a financial institution which provides the Fund with economic access to the Chinese A-share market has requested the Fund to reimburse it for capital gains taxes
paid to Chinese authorities during the fiscal year ending October 31, 2015.
I believe that the supply of properties for sale is going to pick up very dramatically over the next few months as potential sellers become more aware of the looming increases in capital gains taxes
While business interests argue that lower taxes on capital gains leads to more private-sector investment, opponents have consistently argued that because Oregon relies so heavily on income taxes for its budget, it can't afford to give any breaks on capital gains taxes
, which are expected to generate around $800 million in the coming biennium.
This paper develops a micro-founded macroeconomic model to analyse the long-term effects of capital gains taxes
on New Zealand's residential property markets.
While the Granite State had favorable indices in such measures as personal income and capital gains taxes
, and sales, gross receipts and excise taxes as a share of personal income, it ranked dead last--51st--in property taxes as a share of personal income and posted poorer scores in corporate income and capital gains tax rates.