Labour said the tax rate would be 28% to align with the corporate rate, so that property transactions are taxed like other business activities. It would apply at the sale of an asset and be charged on ...

Capital gains tax is charged at 24 per cent on the amount of profit made when disposing of an asset such as a property, land ...

When you sell a primary residence, the IRS allows you to exclude from your capital gains taxes the first $250,000 of profits ...

NRIs selling property in India pay capital gains tax locally, but must also check how gains are taxed in their country of ...

As home values have soared, the taxes tied to owning and selling a home are under more scrutiny than ever. For longtime homeowners who bought low and watched their equity grow, it’s become a boxing ...

Critics argue it feels like double taxation and could deter investment and productivity. The tax may be complex, expensive to administer, and unlikely to significantly reduce the deficit. If elected, ...

Illinois’ latest tax scheme, a 4.95% “wealth tax” on unrealized gains for billionaires, risks violating the state ...

Here are seven questions you might be asking about Labour's tax policy. Labour's proposal for a capital gains tax focused ...

ITAT ruled that the sale of a commercial property after six years due to prolonged vacancy and financial pressure is a capital transaction, not an adventure in trade. The income must be assessed as ...

In one corner: property taxes, rising steadily thanks to rising assessments, voter-approved bonds, and shifting local budgets. In the other: the capital gains tax, a hit that can surprise even ...