Net Capital Gain definition

Net Capital Gain means the amount by which the sum of long-term capital gains and short-term capital gains on a claimant's, estate's, or trust's transactions from exchanges made for a taxable year of one form of legal tender for another form of legal tender exceeds the sum of long-term capital losses and short-term capital losses on those transactions for that taxable year.
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Net Capital Gain means income chargeable to tax under section 3(2)(f) reduced in accordance with section 15(8);
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Net Capital Gain means the amount to be determined in terms of paragraph 8; ‘personal-use asset’ means an asset contemplated in paragraph 53;
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Examples of Net Capital Gain in a sentence

  • Net Capital Gain Dividend is reported on Form 1099-DIV in Box 2a.

  • Trust other than Net Capital Gain for purposes of Section 852 of the Code.

  • As of the end of each Year, the Partnership's Net Operating Income or Net Operating Loss, Net Capital Gain or Net Capital Loss, and each item of income, gain, loss and deduction related thereto, as well as other items of income, gain, loss or deduction which are subject to special allocation provisions, shall be allocated to the Capital Accounts of the Partners and for federal income tax purposes pursuant to the following Sections of this Article V.

  • Within 30 days before each Annual Tax Payment Date, the Chief Financial Officer of the Company shall determine the Ordinary Income or Ordinary Loss and Net Capital Gain or Net Capital Loss and, in the event there is Net Capital Gain, the amount of each class of Net Capital Gain, for the taxable year of the Company that ends (or is deemed to end) with or within the Individual's taxable year to which the Annual Tax Payment Date relates.

  • Each Partner’s Tax Account shall be credited with (i) such Partner’s Capital Contributions and (ii) the amount of any Net Income, Capital Gain and Net Capital Gain allocated to such Partner pursuant to Sections 5.5 and 5.6 hereof.


More Definitions of Net Capital Gain

Net Capital Gain has the meaning set forth in IRC Section 1222.
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Net Capital Gain means, for any taxable year, the excess of recognized gains with respect to dispositions of Property over recognized losses with respect to dispositions of Property, in each case as determined by reference to Gross Asset Value.
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Net Capital Gain means, for the relevant period, an amount equal to the quotient obtained by dividing (i) the net capital gain (as defined in Section 1222(11) of the Code) that is allocable to TCO for such period, by (ii) the Percentage Interest of TCO on the Relevant Date.
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Net Capital Gain has the meaning set forth in Code Section 1222.
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Net Capital Gain means the amount to be determined in terms of paragraph 8;
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Net Capital Gain means, with respect to any Tax Year, the sum of (i) any net capital gain (i.e., net long-term capital gain over net short-term capital loss) and (ii) any dividend income that is treated as net capital gain under Section 1(h)(11) of the Code or for California income tax purposes, of the Borrower that is allocated (or otherwise flows through) to the Ultimate Members for tax purposes for such Tax Year.
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Net Capital Gain means net capitalgain as defined in section 1222(11) plus any qualified dividend income (as defined in section 1(h)(11)(B)) for the taxable year.
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