Capital Gain definition

Capital Gain means the Company’s allocable share of gain from the disposition by the Company of a capital asset as defined in the Code (including any portion of such gain treated as ordinary income).

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Capital Gain means the amount remaining, after deducting from the capital amount of any person all the amounts allowed to be deducted from a capital amount under this Act.

Capital Gain means an amount determined in terms of paragraph 3 of the Eighth Schedule; “capital loss” means an amount determined in terms of paragraph 4 of the Eighth Schedule;

Examples of Capital Gain in a sentence

• Upon the transfer of a Unit, Income, Capital Gain and Loss attributable to the transferred Unit shall, for federal income tax purposes, be allocated to the owners of such Unit on the basis of the Income or Loss for each month that such Person was the owner of such Units, determined on an interim closing of the books method.

• Under regulations prescribed by the Secretary of the Treasury pursuant to Section 704(c) of the Code, items of Capital Gain, Income and Loss with respect to property contributed to the Company by a Member shall be shared among Members so as to take account of the variation between the basis of the property to the Company and its fair market value at the time of contribution.

• The Members shall have the power to make such elections, adopt such conventions, and allocate Capital Gain, Income and Loss as each of them deems appropriate to comply with Section 704(c) of the Code and any Treasury Regulations promulgated thereunder and to preserve, to the extent possible, uniformity of the Units.

More Definitions of Capital Gain

Capital Gain means capital gains required to be reported to the Internal Revenue Service pursuant to federal internal revenue laws.

Capital Gain means the amount to be determined in terms of paragraph 3; 'capital loss' means the amount to be determined in terms of paragraph 4;

Capital Gain means gain or profit realized on the sale or exchange of a capital asset, or the excess of proceeds over cost, or other basis, from the sale of a capital asset.

Capital Gain means an amount determined in terms of paragraph 3 of the Eighth Schedule; “capital loss” means an amount determined in terms of paragraph 4 of the Eighth Schedule; “child”, in relation to any person, includes any person adopted by him or her—

Capital Gain or “capital loss” means a change in the

Capital Gain means the excess of the amount realized on disposal of a capital asset over its adjusted basis or, where there is no adjusted basis, over its basis;

Capital Gain means an amount determined in terms of paragraph 3 of the 15