Capital Gains
If you own a home you may be wondering how the government taxes profits from home sales.
Capital gains. Kapitalertragsteuer german capital gains tax including the so called abgeltungssteuer withholding tax in effect since january 1 2009 and kirchensteuer church tax if applicable which is adjusted deducted or withheld pursuant to the einkommensteuergesetz german income tax act even if such a deduction or withholding has to be implemented by the issuer or its representative and. The long term capital gains tax rate is 0 15 or 20 depending on your taxable income and filing status. Most taxpayers qualify for a 15 long term capital gains tax rate. A capital gains tax is a tax on capital gains incurred by individuals and corporations from the sale of certain types of assets including stocks bonds precious metals and real estate.
Lernen sie die übersetzung für capital gain in leos englisch deutsch wörterbuch. Mit flexionstabellen der verschiedenen fälle und zeiten aussprache und relevante diskussionen kostenloser vokabeltrainer. Dict cc übersetzungen für capital gain im englisch deutsch wörterbuch mit echten sprachaufnahmen illustrationen beugungsformen. The tax rate on most net capital gain is no higher than 15 for most individuals.
Capital gains tax rules. They are generally lower than short term capital gains tax rates. Some or all net capital gain may be taxed at 0 if your taxable income is less than 78 750. Capital gain tax rates.
As with other assets such as stocks capital gains on a home are equal to the difference between the sale price and the seller s basis.