Finance

What is Capital Gains Tax

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What are the types of Capital Gains Tax

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when & why was capital gain tax introduced

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How to calculate capital Gains tax

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Strategies to minimize capital gains

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Finance

What is Capital Gains Tax

What is Capital Gains Tax

Tax imposed on the capital gains realized from the sale of any investment assets such as stocks, real estate, or artwork

What are the types of Capital Gains Tax

Long term Capital Gain tax : For assets held for >1 year before being sold Short term Capital Gain tax : For assets held for <1 year before being sold

when & why was capital gain tax introduced

Introduced in the United States in 1913 with the passage of the Revenue Act of 1913 . It was introduced as a way for the Govt to generate revenue from the profits earned by individuals and entities through the sale of assets

How to calculate capital Gains tax

Involves determining the taxable amount of the capital gain and applying the appropriate tax rate. Use below calculator to check your tax liability for capital gains.

Strategies to minimize capital gains

- Holding assets for > 1 year - Utilizing tax-advantaged accounts - Employing tax-loss harvesting - Donating appreciated assets to charitable organizations