Sentences with phrase «categorized as a capital asset»

The conceptual difference between income tax and capital gains tax is that income tax is the tax paid on income earned from interest, wages and rent, while capital gains tax is the tax paid on the sale or exchange of an asset such as a stock or property that is categorized as a capital asset.

Not exact matches

But take a second look — almost a billion dollars of AUM is categorized as Distributed Assets (vs. Managed Assets), reflecting fees earned on AUM / clients referred to Attalus Capital.