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Taxes

Capital loss

Capital gains are the profits obtained from the sale of a capital asset. However, in the event of a loss, it is referred to as a capital loss. This can occur when an asset is sold for less than its original purchase price. It is important to note that capital losses can be used to offset capital gains for tax purposes. This means that if you have a capital gain in one year and a capital loss in another, you can reduce your overall tax liability by offsetting the two.

Related terms

Net worth tax

Understand the meaning and definition of Net worth tax in the context of stock market, trading, and investments.

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Administrative expenses

Understand the meaning and definition of Administrative expenses in the context of stock market, trading, and investments.

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Retained earnings

Understand the meaning and definition of Retained earnings in the context of stock market, trading, and investments.

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Branch tax

Understand the meaning and definition of Branch tax in the context of stock market, trading, and investments.

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Sham transaction

Understand the meaning and definition of Sham transaction in the context of stock market, trading, and investments.

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Private ruling

Understand the meaning and definition of Private ruling in the context of stock market, trading, and investments.

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