In either case, you will not have taxes
withheld on capital gains.
Other primary positives include: interest deductibility on real estate maintained, like - kind exchanges on real property maintained, the home mortgage deduction being preserved (but reduced to $ 750,000 of mortgage debt), and reduced foreign
withholding on capital gains distributions (35 % to 21 %).
Not exact matches
For example, increases in
capital gains tax (from 10 % to 25 %),
withholding tax (from 15 % to 20 %) and the introduction of the Energy Levy (10 %), VAT
on Electricity (17.5 %), VAT
on Financial Services (17.5 %), Special Import Levy, etc..
economic growth and higher returns
on investments (especially after the Great Recession of 2008 - 2009) that generated higher dividend and
capital gain distributions, with no associated tax
withholding,
If Putnam does not receive this fully completed form, your account (s) could be subject to the statutory U.S. backup
withholding rate
on all non-Money Market redemptions, exchanges, and dividend and
capitals gains distributions.
Withholding tax
on capital gains, for example?
I should add that if your goal is growth stocks and
capital gains (i.e. you plan
on selling in the short term) than a TFSA may be the better choice as the
withholding tax
on dividends will still likely be less than the
capital gains tax (depending
on your tax bracket).
Any federal or state
withholding that was
withheld by Transamerica Funds from dividend or
capital gain distributions, or from any sales or exchanges of Transamerica fund shares is paid to the IRS or your state
on your behalf.
Dividends and
capital gains on securities issued in the relevant funds may be subject to
withholding taxes imposed by the countries in which each particular fund invests.
The fund is required to
withhold U.S. tax (at a 30 % rate)
on payments of dividends and (effective January 1, 2019), redemption proceeds and certain
capital gain dividends made to certain non-U.S. entities that fail to comply with extensive new reporting and
withholding requirements designed to inform the U.S. Department of the Treasury of U.S. - owned foreign investment accounts.
Foreign shareholders (i.e., nonresident alien individuals and foreign corporations, partnerships, trusts and estates) are generally subject to U.S.
withholding tax at the rate of 30 % (or a lower tax treaty rate)
on distributions derived from net investment income and short - term
capital gains; provided, however, that U.S. source interest related dividends and short - term
capital gain dividends generally are not subject to U.S.
withholding taxes if the fund elects to make reports with respect to such dividends.