Selling your longtime home and downsizing in retirement is a common practice for people entering their golden years. While ...

If you sell your property after April 1, the capital gain is taxed in the following financial year, giving you a full year to ...

Sold a property but receiving payments in instalments? Know when your capital gains tax is due and how sale timing impacts ...

The Capital Gains Account Scheme (CGAS) helps taxpayers defer taxes on long-term capital gains from land, property, and other ...

A Reddit user is wondering whether to sell an expensive home to move for retirement, or whether he should keep the property ...

Those due to sell property in March should consider deferring the sale to April to optimize advance tax payments and reinvestment planning that helps avoid paying capital gains tax. When ...

If you’re preparing for a business sale, start tax planning early. A well-structured tax strategy can save millions of ...

The ITAT decided that merely having one's name on a property title does not automatically mean ownership if there is clear ...

Take Advantage of Exemptions: Some assets, such as your primary residence, may qualify for capital gains tax exemptions. For example, in the U.S., individuals may exclude up to $250,000 ($500,000 for ...

Devin Thomas, a senior analyst at the Hawaiʻi Appleseed Center for Law & Economic Justice, explained that because capital ...

Learn how capital gains are taxed and how to avoid paying more taxes than necessary when selling your assets. Selling high-performing stocks or a cottage property can reap significant profits ...

Assuming you pay 15% on capital gains, you’ll owe $21,000 ($140,000*0.15) in federal taxes after applying the exclusion if you’re married and filing jointly.