Capital gain

Capital gains is an economic concept defined as the profit earned on the sale of an asset which has increased in value over the holding period. An asset may include tangible property, a car, a business, or intangible property such as shares.

Quotes

• These cases present the same question, that is, whether under the Revenue Act of 1934, 26 U.S.C.A. Int.Rev.Acts, page 664 et seq., in the case of a joint return by husband and wife, and capital losses of one spouse may be deducted from the capital gains of the other.
  • wikisource:Helvering_v._Janney_Gaines/Opinion_of_the_Court (Argued: Nov. 18, 1940. --- Decided: Dec 9, 1940)

• We are called upon in this case to decide whether under the Investment Advisers Act of 1940 [1] the Securities and Exchange Commission may obtain an injunction compelling a registered investment adviser to disclose to his clients a practice of purchasing shares of a security for his own account shortly before recommending that security for long-term investment and then immediately selling the shares at a profit upon the rise in the market price following the recommendation.
  • wikisource:Securities_and_Exchange_Commission_v._Capital_Gains_Research_Bureau_Inc/Opinion_of_the_Court (Argued: Oct. 21, 1963. --- Decided: Dec 9, 1963)

• Once upon a time, capital gains were not taxable in Canada. But the federal government instituted a tax on capital gains when major tax reform was introduced on Jan. 1, 1972, yet only 50 per cent of the resulting capital gain was included in income
  • Kim Moody, founder of Moodys Tax according to Beware myths around capital gains tax exemption for a principal residence (Published Dec 12, 2023  •  Last updated 21 hours ago  •  5 minute read)

See also

• Capital gains tax in the United States