long term capital gain
The profit realized from selling or exchanging a capital asset held for more than a specified period, usu. one year. [Cases: Internal Revenue 3260. C.J.S. Internal Revenue § 127.]
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Search Results for: CAPITAL GAIN
capital gain
The profit realized when a capital asset is sold or exchanged. — Also termed capital gains. Cf. ordinary gain under GAIN(3); capital loss under LOSS. [Cases: Internal Revenue 3230.1–3234. C.J.S. Internal Revenue §§ 128–129, 132, 490–491.]
capital gains tax
A tax on income derived from the sale of a capital asset. • The federal income tax on capital gains typically has a more favorable tax rate — for example, 20% for an individual and 34% for a corporation — than the otherwise applicable tax rate on ordinary income. See CAPITAL GAIN. [Cases: Internal Revenue
capital gain
capital gain. The profit realized when a capital asset is sold or exchanged. — Also termed capital gains. Cf. ordinary gain under GAIN(3); capital loss under LOSS. [Cases: Internal Revenue 3230.1–3234. C.J.S. Internal Revenue §§ 128–129, 132, 490–491.] “Throughout most of the history of income taxation in the U.S., a distinction has been drawn between
capital gain dividend
A taxable payment to a mutual-fund shareholder. • The payment is the shareholder’s proportional share of the net capital gains realized by securities sales from the mutual fund’s portfolio. — Also termed capital-gain distribution.
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short term capital gain
The profit realized from selling or exchanging a capital asset held for less than a specified period, usu. one year. • It is treated as ordinary income under current federal tax law. [Cases: Internal Revenue 3260. C.J.S. Internal Revenue § 127.]
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capital gains tax
capital gains tax 〈美〉资本利得税 对长期资本利得征税时，过去适用低于一般所得税税率的专门税率。1987年生效的《税收改革法》〔Tax Reform Act〕规定，长期资本的资本利得税与一般所得税税率相同。 (→capital assets)
capital recovery
capital recovery. The collection of charged-off bad debt that has been previously written off against the allowance for doubtful accounts.