capital gains tax
capital gains tax
- a tax on capital gains
"he avoided the capital gains tax by short selling"
- The French authorities pointed out that the exemption from transfer capital gains tax was not automatic.
- If there is trade income, all capital gains are taxable and also subject to trade tax.
- The Portuguese authorities summarise developments in corporation tax on capital gains in Portugal as follows:
- In contrast, capital gains are generally chargeable to corporation tax in the United Kingdom.
- the repeal of the 19 % substitute tax on capital gains arising from company restructuring pursuant to Article 3 of D.Lgs.
- The preferential tax regime applicable to capital gains obtained by holdings in Portugal, became applicable from 1993.
- Assets revaluations would normally be taxable events as far as capital gains are realised and increased tax values recognised.
- They argue that rates are a tax on the value of property, not a tax on receipts, profits or capital gains.
- The Commission understands that to facilitate the taxation of capital gains, the national legislator may apply a substitute tax at a more convenient rate than the ordinary tax.
- The Commission notes that under the reform, capital gains are excluded from any calculation of profit. In contrast, capital gains are generally chargeable to corporation tax in the United Kingdom.
- the repeal of the 19 % substitute tax on capital gains arising from company restructuring pursuant to Article 3 of D.Lgs. 358/1997. With the repeal of D.Lgs.
- Article 25 EBF, compared with the normal tax arrangements applicable to capital gains in Portugal, grants an advantage to the beneficiaries.
- Capital gains would increase the taxable income and accordingly raise the current tax liability of the beneficiaries concerned even in case there is no cash realisation.
- Article 25 EBF, which exempts from corporation tax public undertakings’ capital gains from privatisation and restructuring operations, constitutes a state aid scheme.
- on State Aid No C 30/2004 (ex NN 34/2004) implemented by Portugal exempting from corporation tax on capital gains certain operations/transactions by public undertakings