Taxable Gain definition

Taxable Gain means any "taxable capital gain" as defined in paragraph 1 of Schedule 8 to the Income Tax Act; and
Sample 1Sample 2Sample 3
Taxable Gain means that amount of the consideration from sale of shares received or receivable in accordance with the provisions of Division 14B;
Sample 1Sample 2Sample 3
Taxable Gain means any "taxable capital gain" as defined in paragraph 1 of the Eighth Schedule to the Income Tax Act.
Sample 1Sample 2

Examples of Taxable Gain in a sentence

  • Taxable Gain Or Loss" shall mean profit or loss recognized by Palace on the sale, exchange or other disposition of any LLC property, as computed for federal income tax purposes.

  • If you kept good records that permit you to prove the amount of your closing costs, you can reduce your taxable gain from$25,000 to $12,000.Reducing Taxable Gain on Future Sale.

  • Such determination shall be made as soon as is administratively feasible after each event which gave rise to each such Separate Taxable Gain.

  • Enter the face value of any mortgage, note, or other financial instrument from which you will receive periodic payments of principal and/or interest from this sale.Computing the Taxable Gain or LossLine 2.

  • Taxable Gain = CSV – (premiums – NCPI – dividends)Example:Buddy has a participating policy with a face value of $400,000.

  • Taxpayers’ Current Account performs accurate controls and records the transactions made by taxpayers and the Administration, and is in charge of defining balances and producing account statements for all taxes such as: Taxable Gain, Sales Tax, Income Tax, Excise Taxes, Special Taxes, Withholdings, Real Estate Taxes, Installment Plans, Future Tax Credits, Unappropriated Payments and Fines.

  • Taxable Gain = CSV – (premiums – NCPI) Example:Liz has a limited payment life policy with a face value of $300,000.

  • As contemplated in the MESA, XXXXXXX (or a XXXXXXX Affiliate) desires Comecer XXXXX (or a Comecer Affiliate) to provide the Product, Services, and Deliverables described in this SOW, subject to the terms and conditions of the MESA.

  • The amount that the Spin Out Taxable Gain exceeds ten million dollars ($10,000,000), if any, is as set forth on Section 4.16(m) of the Company Disclosure Schedule.

  • The individual share lots in the Owned Share Value table is calculated thus:o Gross Value = Number of Shares x Stock Price (Fair Market Value)o Cost Basis = Acquisition or ISO Exercise Price x Number of Shareso Taxable Gain = Gross Value - Cost Basis (the cost of all the shares)o Potential Tax = Taxable Gain x Cap.


More Definitions of Taxable Gain

Taxable Gain means any “taxable gain“ as defined in paragraph 1 of Schedule 8 to the Income Tax Act; and “Taxable Income“ means any “taxable income“ as defined in section 1 of the Income Tax Act.
Sample 1

Related to Taxable Gain

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • Taxable means either:

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Precontribution Gain has the meaning set forth in subparagraph 4(c) of Exhibit B.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • taxable service means any service provided or to be provided –

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Pre-Distribution Tax Period means any taxable period (or portion thereof) that ends on or before the Distribution Date.

  • Tax Asset means any net operating loss, net capital loss, investment tax credit, foreign tax credit, charitable deduction or any other credit or tax attribute that could be carried forward or back to reduce Taxes (including deductions and credits related to alternative minimum Taxes).

  • Taxable Period means any taxable year or any other period that is treated as a taxable year, with respect to which any Tax may be imposed under any applicable statute, rule, or regulation.

  • Taxable Event means any change in control or other event which triggers the imposition of any Excise Tax on any Payment.

  • Taxable Wage Base means, with respect to any Plan Year, the contribution and benefit base under Section 230 of the Social Security Act at the beginning of such Plan Year.

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.

  • Residual Gain or “Residual Loss” means any item of gain or loss, as the case may be, of the Partnership recognized for federal income tax purposes resulting from a sale, exchange or other disposition of a Contributed Property or Adjusted Property, to the extent such item of gain or loss is not allocated pursuant to Section 6.2(b)(i)(A) or Section 6.2(b)(ii)(A), respectively, to eliminate Book-Tax Disparities.

  • Gain means a gain of any property, whether temporary or permanent, and includes the keeping by a person of any property that he or she already has;

  • Non-Income Tax Return means any Tax Return relating to any Tax other than an Income Tax.

  • Taxable Year means a taxable year of the Corporate Taxpayer as defined in Section 441(b) of the Code or comparable section of state or local tax law, as applicable (and, therefore, for the avoidance of doubt, may include a period of less than 12 months for which a Tax Return is made), ending on or after the IPO Date.

  • taxable trading means carrying on a trade or business for the principal purpose of raising funds and not for the purpose of actually carrying out the Objects, the profits of which are subject to corporation tax;

  • Income Tax Return means any Tax Return relating to Income Taxes.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • MUNICIPAL TAXABLE INCOME means the following:

  • Straddle Tax Period means a Tax period that begins on or before the Closing Date and ends after the Closing Date.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Taxable value shall have the meaning assigned to such term in Section 1.04(10) of the TEXAS TAX CODE.

  • Non-Income Tax means any Tax other than an Income Tax.