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

  • Recomputed Net Capital Gain -- Line 30 is generally computed by applying the capital loss limitation to the group as a whole in the same manner it would apply to a federal consolidated group under Treas.

  • Net Capital Gain (Loss) From Other Activitieselection to defer income from the facilities and services (Form 8882).

  • Keep the worksheet for your records.NOTE: If you do not have any net capital gain or (loss) to report, enter zero, “0” on lines 19-21.Line 19 - Total Net Capital Gain or (Loss)If you reported a net capital gain or (loss) on your federal income tax return, enter the total net capital gain or (loss) reported on the Capital Gain or (Loss) line on your federal return.

  • Keep the worksheet for your records.NOTE: If you do not have any net capital gain or (loss) to report, enter zero, “0” on lines 20-22.Line 20 - Total Net Capital Gain or (Loss)If you reported a net capital gain or (loss) on your federal income tax return, enter the total net capital gain or (loss) reported on the Capital Gain or (Loss) line on your federal return.

  • In addition, the Board of Directors has the right to satisfy, at its sole discretion, the exercise request of any Beneficiary through the payment of a sum equal to the Net Capital Gain [in the light of the different tax profiles of Beneficiaries] calculated on the Exercise Date of each Exercisable Option (Cash Settlement).The Options will be allotted free of charge, non-transferable inter vivos.


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 has the meaning set forth in Code Section 1222.
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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 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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