Capital Gain definition

Capital Gain means the Company’s allocable share of gain from the disposition by the Company of a capital asset as defined in the Code (including any portion of such gain treated as ordinary income).

Capital Gain means capital gains required to be reported to the Internal Revenue Service pursuant to federal internal revenue laws.

Capital Gain means the amount remaining, after deducting from the capital amount of any person all the amounts allowed to be deducted from a capital amount under this Act.

Examples of Capital Gain in a sentence

• Loss allocations to a Member shall be made only to the extent that such loss allocations will not create a Capital Gain for that Member in the event of foreclosure of the Company’s assets.

• Any loss not allocated to a Member because of the 5.1.A. shall be allocated to the other Members to the extent where it does not create a Capital Gain to another Member.

• When investments are made into portfolios that include any form of regular rebalancing or fund changes, no account will be taken of individual Capital Gain Tax liabilities for such rebalancing exercises.

• But this calculation of Capital Gain is the most controversial part where consideration is in the form of built up area.

• Basis Step-Up No Step-Up Current FMV $1,500,000 $1,500,000 Basis $ 850,000 $ 100,000 Capital Gain $650,000 $1,400,000 Example(s): As you can see, without the step-up in basis, your taxable gain on the sale during your lifetime would be $1.4 million.

More Definitions of Capital Gain

Capital Gain means the amount to be determined in terms of paragraph 3;

Capital Gain means gain or profit realized on the sale or exchange of a capital asset, or the excess of proceeds over cost, or other basis, from the sale of a capital asset.

Capital Gain means an amount determined in terms of paragraph 3 of the Eighth Schedule;

Capital Gain means the total capital gain of the Group in respect of a disposal of shares or other assets less the higher of:

Capital Gain means the excess of the amount realized on disposal of a capital asset over its adjusted basis or, where there is no adjusted basis, over its basis;

Capital Gain means an amount determined in terms of paragraph 3 of the 15

Capital Gain means the amount to be determined in terms of paragraph 3; ‘capital loss’ means the amount to be determined in terms of paragraph 4; ‘disposal’ means an event, act, forbearance or operation of law envisaged in paragraph 11 or an event, act, forbearance or operation of law which is in terms of