Taxable Gain

Taxable Gain
A profit on the sale of an asset that is subject to taxation. Such gains are subject to capital gains tax, under which rate and application differ from country to country and from asset to asset. Taxable gains are generally realized from the sale of financial assets such as stocks and bonds, as well as other assets including real estate and personal property.

A taxable gain can generally be offset against a tax loss, so as to reduce the amount of tax payable. In the U.S., gains on assets that have been held for more than a year before being sold are classified as long-term capital gains, and are taxed at a more favorable rate than short-term capital gains.


Investment dictionary. . 2012.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • taxable gain — UK US noun [C] FINANCE, TAX ► a profit made from selling property, shares, etc., on which you have to pay tax: »Businesses can deduct losses made in previous years to reduce their taxable gains when they go into profit …   Financial and business terms

  • taxable gain — See capital gain …   Ballentine's law dictionary

  • taxable — taxability, taxableness, n. taxably, adv. /tak seuh beuhl/, adj. 1. capable of being taxed; subject to tax: a taxable gain. n. 2. Usually, taxables. persons, items of property, etc., that are subject to tax. [1425 75; late ME; see TAX, ABLE] * *… …   Universalium

  • taxable — tax•a•ble [[t]ˈtæk sə bəl[/t]] adj. 1) capable of being taxed; subject to tax: a taxable gain[/ex] 2) Usu., taxables. persons or things that are subject to tax • Etymology: 1425–75 tax a•bil′i•ty, tax′a•ble•ness, n …   From formal English to slang

  • taxable income — n: income that is subject to taxation and is characterized by the accrual of some gain or benefit to the taxpayer; specif: the total amount of income remaining as the basis of taxation for a given period after all allowable deductions have been… …   Law dictionary

  • Taxable income — is the portion of income that is the subject of taxation according to the laws that determine what is income and the taxation rate for that income. Generally, taxable income refers to an individual s (or corporation s) gross income, adjusted for… …   Wikipedia

  • taxable — tax‧a‧ble [ˈtæksəbl] adjective TAX if something is taxable, you must pay tax on it: • Money in the account is taxable. • investors who buy taxable bond funds * * * taxable UK US /ˈtæksəbl/ adjective FINANCE, TAX ► taxable earnin …   Financial and business terms

  • gain — n 1: an increase in value, capital, or amount compare loss capital gain: a gain realized on the sale or exchange of a capital asset (as a stock or real estate) ca·su·al·ty gain: a gain realized by an insured because property insurance benefits… …   Law dictionary

  • taxable — Subject to taxation; liable to be assessed, along with others, for a share in a Something of value, subject to assessment, and to be levied upon and sold for taxes. Williams v. School Dist. No. 32 in County of Fremont, 56 Wyo. 1, 102 P.2d 48, 52 …   Black's law dictionary

  • taxable income — Gross income less a variety of deductions. Bloomberg Financial Dictionary A tax term. Defined as total income in the year (excluding tax free income) less all allowances available at the marginal rate. The major allowances which are deducted from …   Financial and business terms

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”