long term Capital gains tax on foreign company shares selling?
818363
Yes...capital gains on Shares,which are listed abroad, are liable for Capital Gains Taxation. Note that it is taxable @ 20% + surcharge + cess (depending on the tax bracket u are in.........if ur income is Rs. 10 lakhs +, then it is 22.44% else 20.40%) & not at 10% (since not listed in India but in USA). I presume that the holding period is more than a year, else it will become a short term capital gain & taxable @ 33.66%. Indexation is available & yes u can defnitely get exemption from tax by investing in an apartment (Sec 54 F of the Income Tax Act) if u are not owning more than 1 house (before the proposed buy) on the date of sale.
410774
Some foreign companies have their stocks listed on US stock exchanges. These stocks are classified under "ADR's" or American Depository Receipts. Or you can buy mutual funds that hold a portfolio of stocks. Also some brokers allow you the flexibility of buying foreign stocks which are specified with a ticker symbol. Figure out what you want to invest in, then go from there.
1054968
Short term gains are taxed at the regular tax rate, just like interest and dividends.  To compute gain, subtract orignial cost, brokerage fees and "reinvested dividends" from net sales proceeds.  Your broker should provide a statement.
663079
There can be two types of income for you as a result of investment in offshore company.\n     . Dividend\n     . Capital gain\n\nIf you are resident Indian, both these are taxable , since dividend from only Domestic company are tax free. On short term capital gains you will have to pay normal rate of tax because the sale of these shares shall not take place through  Stock Exchange,\n       However, the offshore company means a foreign company which is also listed in Indian Stock Exchange, Long term capital gain is zero, Short Term at the rate of 10% and Dividend shall be taX free
184345
If you pd for the stock and it was sold at a profit you pay capital gains if you pd for the stock and it had no value when you sold it you would have a loss. If you pd nothing and they were worth nothing. Then you have to do nothing. If I knew more I could better answer this. Hope this helps some
334871
You need to know 2 things:\n\n(1) the actual price paid per share \n(2) the offering price per share & the company discount\n\nAfter that,\n\n(1) You will report the minimal of (i) the sales price per share minus the actual price paid per share and (ii) the offering price per share times the company discount as the regular income. \n(2) You will report the rest of the sales price minus the the actual price paid per share as long-term capital gain.\n\nLook at the following website for detailed explanation:\nhttp://www.turbotax.com/articles/EmployeeStockPurchasePlans.html
24820
It depends on the country and If you are using a moneycorp account or just your American bank account. I built a company to invest in Dubai, UAE for example where there are no capital gains taxes nor income taxes. whichever state you live can still impose taxes upon your profit however, so that is where the offshore or moneycorp account benefits you.
57112
No, they're full of fees and surrender charges.  You also have to pay taxes at your ordinary tax rate when you take it out, rather than the capital gains rate which is usually less.  The salesman makes more money on them than the investor.
19101
if you buy there is nothing to do. If you sell there are tax considerations.  Short term capital gains require that you pay more.  Long term capital gains means you pay less. Hold onto the stocks... Bill Gates will surely pull a rabbit out of his hat for long term profits and productivity. If in doubt consult an American/Canadian tax attorney.
523699
If u are paying security transction tax u/s 111A and it is short term capital gain then u have to pay 10% on such profit and on balance of income is not taxable because it is the below limit of 100000. up to 100000 income there is no tax payable.
1168129
Although C Brent is essentially correct about 1031 exchanges... I don't think that he answers your question.\n\nA 1031 exchange is a tax deferred exchange.  This means that when you remove your invested capital from real estate... it will be taxed at your capital gains rate (state, fed & recaptured depreciation).\n\nHere is a link to the capital gains calculator on my site:\nhttp://www.1031store.com/resources/1031_capital_gains_calculator.php\n\nIf on the short term side, you decide to take a little cash out (or portion) of your 1031 exchange proceeds, you will be taxed at your capital gains rate on the portion that you decide to not opt into the exchange.  This is called Boot. (like putting cash in your boot).\nHere is a link to the dictionary on my site:\nhttp://www.1031store.com/resources/dictionary.php\n\nWhen speaking about real estate capital gains,  there are some very good long term effects:\n1. (has to be mentioned) you will be realize compounded growth on your deferred capital gain tax.\n\n2. One of the most over looked advantages, is to move capital from a state where the capital gains tax rate is to another state where the capital gains rate is lower.\n\nLT capital gains rates range from 0% - 12% in different states.  A good example is for an owner who sells property in california (believe 9.3% rate) and buys through a 1031 exchange in TX (0% rate).\n\nThis is where it gets interesting.  Even if you sell the TX property after a year, and realize your gain... you do not owe Cali state tax.  That is tax money saved.\n\nSo in the long run... there can be some real advantages.\n\nI'm going to release this site next week.  You'll be able to contact with experts nationwide and find NNN property to purchase.  Feel free to check it out.  By July 1st, you should be able to contact with some experts too.\nhttp://www.1031store.com
813670
I am also a seniour citizen.  My investment is in property only.  My strong advise is not to sell the flat unless you are badly in need of money.  The value of properties are going up and up daily.  If you sell now, you cannot buy it again.  Selling property and paying capital gains is all waste.\n\nIf you have to sell your property, and if you happend to pay tax, to avoid paying tax he has to invest the profit in capital gain bonds. If your father has no other income, then you can deduct Rs.1.85 lakhs from the profit. Say indexation profit is 3 lakhs. less 1.85 lakhs rebate to >65 years old people. Your net profit on which you have to pay tax @20% is Rs.1.15 lakhs.)\n\nWhat Mr.Rupin sain in his above answer is partly not correct.  For the purpose of Long Term Capital Gains on Property, you have to go indexation only and no other methos. (The other method of 10% is only for mutual fund units.) Mr.Rupin said two methods.  No two methods. Only one method for property that is indexation and 20% tax.\n\nI have given the below answer to a question about long term capital gains of a property.  Follow this.  This will give you how to calculate the tax.  About 20 years back say during 1985-86 the indexation was 133.  For 2005-06 it is 497. \n \nCost if Indexation is only for the purpose of calculating Long Term Capital Gains. Listed/shares sold in Indian Stock Exchanges are free from payment of Tax, if they are sold after 12 months of purchase. Other properties will be treated as Long Term Cap. Gains if they were sold after 36 months. For this, the indexation cost will apply and the income tax on this income is @20% flat rate. \n\nExample:\nOn 17.9.1982 your have purchased a house plot for Rs.10,000/-. That is in the FY:1982-1983. The Cost of inflation index for that year was 109;\n\nOn 16-11-2005 you have sold the same for Rs.8,00,000. The financial year is 05-06 and the inflation index for that year was 497.\n\nYour actual gain is (8,00,000-10,000) Rs.7,90,000/- \n\nYour actual cost of the house site is Rs.10,000\n\nYour inflation indexation cost is 10,000 x 497/109= Rs.45,596/-\n\nYour inflation indexation gain is Rs.8,00,000-45,596= Rs.7,54,404. \n\nThe tax on it will be Rs.1,50,881+ED2%. \n\nIf you need any personal clariication (free advise), please send me a mail to my mail address neswarareddy@yahoo.com
245714
If it is a equity linked fund (i.e more then 60% in equity ) the long term tax (>1 year) is 0% currently but if is a debt fund you will have to pay long term tax. stt does not apply for MF as i know only for equity trading.
47310
You're correct.  Presumably you received a 1099-DIV with $8000 (or whatever) in the cap gains distribution.  You would need to include that amount in your return.  When you sell the shares, that amount will be included in your basis so your eventual gain will be total sales price-$108,000.
714168
There is no “regular” tax implication when exercising stock options.  The regular tax kicks in when you sell the stock.\n\nIf the stock is sold more than 1 year after it was exercised AND more than 2 years after it was granted, then the gain from the grant date to the sell date is all capital gains.\n\nIf the stock is sold 1 year or less after it was exercised OR 2 years or less after it was granted, then the gain from the grant price to the Fair Market Value (FMV) when it was exercised is considered ordinary income not subject to FICA.  The remaining gain/loss is capital gain.  It is long term if the stock was held more than one year after it was exercised.\n\nAMT:\n\nAlternative Minimum Tax is different in that the exercise event DOES trigger tax.  The built-in gain from the grant date to the FMV at the exercise date is added to your AMT income.  When the stock is eventually sold, you will do two Schedule Ds...one for Regular Tax with the basis equal to the grant date price, and one for AMT with the basis equal to the FMV price.  Your regular gain will be larger than your AMT gain because your AMT basis will be larger.....you've already paid tax on some of your AMT gain whereas you didn't pay any regular tax on this gain.  Confusing, isn't it.\n\nWill you definitely have AMT when you exercise ISO stock?  Not necessarily.  Your AMT will be affected, but will it grow to the point where it will be higher than your regular tax?  It depends on other items on your return.  To get an idea of how much you can absorb, go back to your 2005 tax return and figure out your AMT and see how far it was below your regular tax.  This is an estimate of 2006, not a guarantee.\n\nIf ISO exercise does cause your AMT to be larger than your regular tax, of course, you will have to add the difference to your regular tax as you expect.  However, unlike other things that trigger AMT, ISO exercising is refundable.  What?  You get a credit for whatever additional tax you have to pay due to ISO exercising.  This credit carries forward to next year and, if not used up, carries forward to the next year.  It keeps doing this until it is used up.  This credit goes against regular tax until it drops to your AMT tax.\n\nComprehensive example:\n\n2006: Your normal regular tax is $20,000.  Your AMT is $16,000.  You exercise 10,000 shares with a FMV of $10/share with a grant price of $4/share.  You have to add 10,000 x (10 - 4) = 60,000 to your AMT income causing, let's say, $15,600 of additional AMT tax.  AMT is now $31,600 which is $11,600 more than your regular tax.  So, for 2006, your tax liability is $31,600, however, you get a credit of $11,600.\n\nIf in 2007, your regular tax is still $20,000 and your AMT is still $16,000, your tax is $16,000.  $4,000 of credit was used to lower your regular tax down to your AMT.  Your credit now drops to $7,600.\n\nIf in 2008 you sell the stock for $20, your regular gain is 10,000 x ($20 - $4) = $160,000.  Your AMT is 10,000 x ($20 - $10) = $100,000.  Again, you figure out your regular tax and AMT and if the AMT is lower than your regular tax, you get to use the carry-over credit until it is used up.\n\nOf course, part of your basis is your brokerage fees, but to keep things simple, I ignored these.  If you sell at a regular loss or even at an AMT loss, the rules still apply, but you can only get $3,000 per year of loss to use against other income.\n\nHope this helps  :)
716030
When you have paid security transaction tax at the time of selling securities (shares), then, \n\nIf you are an investor and not trader:\n\n1. If you are selling the shares after 12 months, then it comes under long term capital gains and you need not have to pay any tax on that gain.\n\n2. If you are selling the shares before 12 months then you have to pay short term capital gains @10% flat on the gain.\n\nIf you are a trader and not an investor:\n\nAll your gains will be treated as trading (Business) and you have to pay tax as per tax sables.  In this case the transaction tax paid by you can be claimed back/adjusted in tax to be paid.\n\nReddy.
154409
If the company was bought by overseas investors then the company can be sold to another group of overseas investors or to another group on american investors but it cannot be sold to the same company because they already own the company.\nIf you buy your neighbour's house you can sell it back to your neighbour but if you buy ReMax (It's a Companty) you cannot sell back ReMax to ReMax because ReMax is now yourself.