Net Capital Gains definition

Net Capital Gains means Realized Capital Gains net of Capital Losses determined in accordance with generally accepted accounting principles.

Net Capital Gains means the excess of the Trust's net long-term capital gains over its net short-term capital losses.

Net Capital Gains for any year means the net capital gains of a Fund for such year computed in accordance with Section 7.2;

Examples of Net Capital Gains in a sentence

• Amounts reported here must be used in the calculation for Net Capital Gains and Total current year capital gains.

• Adjusted EPS shall be calculated by subtracting After-Tax Net Capital Gains (Losses) (as defined below) from the Company’s net income for the year, and then dividing the resulting amount by the Company’s diluted weighted-average common shares outstanding for the year.

• In addition, except as otherwise required by law, we will make a similar allocation with respect to any undistributed long term capital gains which are to be included in our stockholders’ long term capital gains, based on the allocation of the capital gains amount which would have resulted if those undistributed long term capital gains had been distributed as “capital gain dividends” by us to our stockholders.Retention of Net Capital Gains.

• Net Capital Gains Included on Line 28 – Enter the total of the net capital gains reported on the consolidated return(s) shown on Form 6, page 2, line 1, and on the sepa- rate federal returns for any companies included on Form 6, page 2, line 2.

• It is specifically recognized that in making a forty percent (40%) assumption regarding tax distributions on ordinary income and twenty percent (20%) on Net Capital Gains, some Members may receive a distribution that is in excess of their actual tax liabilities, and some Members may receive a distribution that is less.

• Amounts reported here must be used in the calculation for Net Capital Gains field and the grossed up amount for Total current year capital gains field.

• For the purposes of such distributions, it shall be assumed that the Members are taxable at combined U.S. federal individual, state and local rates of forty percent (40%) on ordinary income and at a twenty percent (20%) rate on Net Capital Gains.

• The rate changes will occur in accordance with an Annual Percentage Price Change formula which is composed of Basic Rate Reductions, Mandated Costs, Net Capital Gains and Losses, Earnings Sharing and Service Quality Penalties.

• The Series Net Asset Value per Unit payable to a Unitholder upon the redemption or exchange of Units during a taxation year of a Fund shall include and constitute payment of any Net Capital Gains allocated to that Unitholder pursuant to this section and the Fund shall have no further obligation to make any further payment in respect of such Net Capital Gains.

• Until the Net Income and Net Capital Gains payable to the Unitholders under the provisions of this Section 8.3 are paid or reinvested in Units of a Fund, such amounts shall be treated as a liability of the Fund.

More Definitions of Net Capital Gains

Net Capital Gains means with respect to a particular fiscal year, the capital gains of the Fund for such year less the capital losses of the Fund for such year, calculated in accordance with the Tax Act.

Net Capital Gains means, in respect of a Fund for any taxation year, the net capital gains of the Fund for such taxation year computed in accordance with Section 8.1.2;

Net Capital Gains for a Fund means the net capital gains of the Fund for a taxation year computed in accordance with Section 6.2;

Net Capital Gains means Realized Capital Gains minus the sum of: (i) Capital Losses determined in accordance with generally accepted accounting principles; and (ii) net investment losses, if any, as reported on Line 32 of SBA Form 468.

Net Capital Gains means realized capital gains less realized capital losses from the sale or maturity on Invested Assets plus the unrealized capital gains less the unrealized capital losses from the change in statutory book value and admitted value on Invested Assets, minus the additions to (which may be positive or negative) and plus the amortization of (which may be positive or negative) the Interest Maintenance Reserve on Invested Assets.

Net Capital Gains of the Fund for a taxation year means the amount, if any, by which: (i) the capital gains realized by the Fund in the taxation year; exceeds the aggregate of (ii) the capital losses incurred by the Fund in the taxation year; and (iii) the unapplied capital losses incurred by the Fund in the preceding taxation years, to the extent that they may be, and are, applied against capital gains realized by the Fund in the taxation year. For this purpose, "capital gains" and "capital losses" shall be computed in accordance with the provisions of the Tax Act.