Long Term Capital Gains

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf Financial Term
gptkbp:affects Net Investment Income Tax in the US
gptkbp:appliesTo Assets held for more than one year
gptkbp:canBeOffsetBy Capital Losses
gptkbp:contrastsWith gptkb:Short_Term_Capital_Gains
gptkbp:definedIn Internal Revenue Service (IRS) in the US
gptkbp:example gptkb:Stocks
Real Estate
Mutual Funds
gptkbp:holdingPeriodRequirement More than 12 months in the US
https://www.w3.org/2000/01/rdf-schema#label Long Term Capital Gains
gptkbp:relatedTo gptkb:India
gptkb:United_Kingdom
gptkb:United_States
Taxation
Capital Gains
gptkbp:reportsTo Tax Return
gptkbp:subject gptkb:Capital_Gains_Tax
gptkbp:taxedAt Lower rate than short-term capital gains in many jurisdictions
gptkbp:taxRateInIndia 10% or 20% depending on asset and holding period
gptkbp:taxRateInUnitedStates 0%, 15%, or 20% depending on income
gptkbp:bfsParent gptkb:LTCG
gptkbp:bfsLayer 7