Sentences with phrase «schemes on capital gains tax»
His experience also includes domestic income tax, the impact of company restructurings and employee incentive schemes on capital gains tax, and including Broad - Based Black Economic Empowerment (BEE) issues, as well as offshore investment in Africa and the Middle East.
https://www.africanlawbusiness.com/ Not exact matches
The IRS obtained the subpoena on the grounds that bitcoin owners are likely to engage in tax evasion by failing to declare capital gains on the currency, or by engaging in schemes to buy goods and services with bitcoin in order to avoid the taxman.
LTCG tax (Long Term Capital Gains) on redemption of equity oriented MF schemes is tax free.
If you have redeemed / sold mutual fund units of one or more MF Schemes in a Financial year, you need to calculate Capital gains (short term / long term), to ascertain if you need to pay any taxes on your gains.
This is how the scheme was supposed to work: let's say you had some impressive capital gains on your stock portfolio one year, and you were looking for some capital losses to offset them, so you could pay less tax.
The (UK specific) paperwork for the scheme says that if no gain was made on the share price, the act of getting your capital back is treated for tax purposes as «cash cancellation of unapproved share options» and no tax is due, however there is a reporting obligation and it tells me which box on my tax return I should put the details in.
To avoid such issues, the income tax act prescribes that the taxpayer should deposit the amount of capital gains in the capital gains account scheme on or before the due date of filing of income tax returns which can be easily withdrawn at the time of investment in the specified instrument.
At Blacks we can provide specialist advice on Employee Shareholder Schemes (ESS) and we were also surprised to hear that all arrangements entered into after 17 March 2016 will be subject to an individual lifetime limit of # 100,000 on gains that are eligible for the ESS Capital Gains Tax exempgains that are eligible for the ESS Capital Gains Tax exempGains Tax exemption.