Capital Gains and Losses. SteinRoe shall calculate gains or losses of each Series of the Trust from the sale or other disposition of assets of that Series as the Trust shall direct.
Capital Gains and Losses. Columbia Management shall calculate gains or losses of the Fund from the sale or other disposition of assets as the Fund shall direct.
Capital Gains and Losses. Xxxxx Xxx shall calculate gains or losses of each Series of the Trust from the sale or other disposition of assets of that Series as the Trust shall direct.
Capital Gains and Losses. Stein Roe shall xxxxxxxxx gains or losses of the Fund from the sale or other disposition of assets as the Fund shall direct.
Capital Gains and Losses. The REINSURER shall not participate in capital gains and losses of the REINSURED except as specified in Section C, paragraph 7. No part of the gains and losses of the REINSURED from, or considered as from, sales and exchanges of capital assets shall be treated as gains and losses from sales and exchanges of capital assets of the REINSURER.
Capital Gains and Losses. Xxxxx Xxx shall calculate gains or losses of the Fund from the sale or other disposition of assets as the Fund shall direct.
Capital Gains and Losses. HAI shall calculate gains or losses of each Fund of HGI from the sale or other disposition of assets of that Fund as HGI shall direct and shall calculate and arrange for payment of all income, capital gain, and other distributions to shareholders of each Fund.
Capital Gains and Losses. Trustees shall allocate long term capital gains and losses to principal.
Capital Gains and Losses. The federal income tax rate differential between long-term capital gain and ordinary income fornon-corporate taxpayers may be significant. A taxpayer generally must hold a capital asset for more than one year for gain or loss derived from its sale or exchange to be treated as long-term capital gain or loss. The maximum federal income tax rate on ordinary income applicable to U.S. stockholders that are taxed at individual rates currently is 37% (which rate will apply through our taxable year ending in 2025). For taxable years ending on or before December 31, 2025, certain U.S. holders, including individuals, estates and certain trusts, generally may deduct 20% of dividends from a REIT, other than capital gain dividends and dividends treated as qualified dividend income. As a result of such 20% deduction, the maximum effective rate for such U.S. holders with respect to dividends paid by us that are taxable as ordinary income is 29.6% for taxable years ending on or before December 31, 2025. The maximum federal income tax rate on long-term capital gain applicable to U.S. stockholders that are taxed at individual rates currently is 20%. The maximum tax rate on long-term capital gain from the sale or exchange of “section 1250 property” (i.e., generally, depreciable real property) is 25% to the extent the gain would have been treated as ordinary income if the property were “section 1245 property” (i.e., generally, depreciable personal property). We generally will designate whether a distribution that we designate as capital gain dividends (and any retained capital gain that we are deemed to distribute) is attributable to the sale or exchange of “section 1250 property.” The characterization of income as capital gain or ordinary income may affect the deductibility of capital losses. A non-corporate taxpayer may deduct capital losses not offset by capital gains against its ordinary income only up to a maximum annual amount of $3,000. A non-corporate taxpayer may carry forward unused capital losses indefinitely. A corporate taxpayer must pay tax on its net capital gain at federal corporate income tax rates, whether or not such gains are classified as long-term capital gains. A corporate taxpayer may deduct capital losses only to the extent of capital gains, with unused losses carried back three years and forward five years.
Capital Gains and Losses. Generally, a Resident Holder is required to include in computing its income for a taxation year one-half of the amount of any capital gain (a “taxable capital gain”) realized by the Resident Holder in such taxation year. Generally, a Resident Holder is required to deduct one-half of the amount of any capital loss (an “allowable capital loss”) realized in a taxation year from taxable capital gains realized by the Resident Holder in such taxation year. Allowable capital losses in excess of taxable capital gains may be carried back and deducted in any of the three preceding taxation years or carried forward indefinitely and deducted in any subsequent taxation year against net taxable capital gains realized by the Resident Holder in such years in the circumstances described in the Tax Act. The amount of any capital loss realized by a Resident Holder that is a corporation on the disposition of a CRH share may be reduced by the amount of any dividends received or deemed to be received at or before such time on the CRH share, subject to and in accordance with the provisions of the Tax Act. Similar rules may apply where the CRH share is owned by a partnership or trust of which a corporation, trust or partnership is a member or beneficiary. Resident Holders to whom these rules may apply should consult their own tax advisors. Capital gains realized by individuals or trusts, other than certain trusts, may give rise to minimum tax under the Tax Act. Resident Holders should consult their own tax advisors with respect to the potential application of the alternative minimum tax.
