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https://cleartax.in/s/capital-gain-tax-on-sale-of-property-shares-gold/
Nov 04, 2020 · Every individual generally possesses some asset to be it in the form of any property, gold, jewellery or shares. And so one must be aware of tax implications on the gain/loss arising from the sale of such assets. Tax liability on these assets depends on the holding period of the asset and is calculated under the head ‘Capital Gains’.
https://taxguru.in/income-tax/capital-gains-tax-gst-sale-goldjewellerysovereign-gold-bonds-gold-etf.html
May 28, 2020 · From the above definition it is very clear that Jewellery is excluded from the exclusions and indirectly included in the definition of capital gains, and it includes ornaments made of gold, silver, platinum or any other precious metal or any alloy containing one or more of such precious metals, whether or not containing any precious or semi-precious stone, and whether or not worked or sewn …
https://www.financialexpress.com/market/commodities/income-tax-how-to-calculate-capital-gains-tax-on-sale-of-old-jewellery/649963/
May 01, 2017 · Calculate capital gains tax on sale of old jewellery based on fair market value at time of purchase. Q. Last year, I had sold my old jewellery which was given to …
https://www.livemint.com/Money/t8MYQboY3sErxfvrjyvGXM/You-have-to-pay-tax-on-capital-gains-from-sale-of-jewellery.html
Apr 02, 2018 · If the cumulative period you and your mother or grandmother held the jewellery exceeds 36 months, the gains arising from the sale are taxable as long-term capital gains (LTCG), taxed …
https://www.rediff.com/business/report/explained-capital-gains-on-sale-and-purchase-of-gold/20191001.htm
In the case of physical gold, for example, if a person has held the gold for over three years, and then sells it, he would need to pay long-term capital gains (LTCG) tax, which is chargeable at 20...Author: Tinesh Bhasin
https://www.livemint.com/money/personal-finance/selling-inherited-gold-income-tax-rules-you-should-know-1563516426152.html
Jul 20, 2019 · Profits on sale of physical gold and gold jewellery purchased by yourself or received under an inheritance becomes taxable under “ capital gains ". If the gold …
https://pocketsense.com/need-pay-tax-sell-gold-jewelry-6981.html
Dec 12, 2019 · Most assets, like stocks and bonds, are subject to a maximum long-term gains rate of 20 percent. According to the IRS, collectible items like gold and gems face a special long-term capital gains rate of 28 percent. If your normal income tax rate is lower than 28 percent, your ordinary income tax rate applies instead of the 28 percent rate.
https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-inherited-jewelry-then-sold-it-is-this-money-taxable/00/101674
May 31, 2019 · The Jewelry in itself is not Taxable but it is possible that the profit on the sale of the items is. This profit is based on the Fair Market Value of the items. At the time that you inherited the items the Fair Market Value becomes your Cost Basis which is the dollar amount used to determine a profit or loss from the sale. So for example:
http://www.asktaxguru.com/7044-inherited-jewelry-how-to-calculate-capital-gains.html
Mar 06, 2012 · US capital gains tax on sale of foreign inherited property: jkoshi: Capital Gains: 6: 01-24-2012 04:51 AM: Capital gain on inherited property: gbayes: Capital Gains: 1: 04-11-2010 10:20 PM: What is the treatment for Capital Gains and Capital Losses in a C-Corporation? katlee: C-Corporation: 1: 02-01-2009 05:23 PM: Capital Gains: kmk21248 ...
https://www.gov.uk/capital-gains-tax-personal-possessions
You may have to pay Capital Gains Tax if you make a profit (‘gain’) when you sell (or ‘dispose of’) a personal possession for £6,000 or more. You don’t usually need to pay tax on gifts ...
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