MaxworthRealtyReviews

  Every asset that an individual generally possesses, be it jewellery, shares, gold or property, is liable to be sold with a certain amount of gain/loss. The tax implications on the value of gains or loss emerging from the sale of these assets or possessions differ, depending on the holding period of the asset. So, everyone should be aware of the tax liability on their assets and also, should know how to calculate capital gains tax. Let us first understand what capital gain and capital gains tax means.   CAPITAL GAINS   Any profit or increase in a capital asset’s value is its capital gain. This gain is realized when these possessions are sold and can be further categorized into short-term (one year or less) capital gain and long-term (more than one year) capital gain. These gains must be claimed on income taxes.   Short-term capital gains are such gains occurred from the assets held for one year or less and the Long-term capital gains are the ones occurred from the secur