When a fixed asset is sold at a profit the profit may be liable to a tax called Capital Gains Tax. Calculating the tax can be a complicated affair (capital gains allowances adjustments for inflation and different computations depending on the age of the asset are all considerations you will need to take on board). … [Read more...] about CAPITAL GAINS TAX
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CAPITATION
A poll tax; an imposition which is yearly laid on each person according to his estate and ability. 2. The Constitution of the United States provides that no capitation, or other direct tax, shall be laid, unless in proportion to the census, or enumeration, therein before directed to be taken. … [Read more...] about CAPITATION
CAPITAL INVESTMENT
See capital expenditure; an outlay of capital for the purchase or improvement of a capital asset. … [Read more...] about CAPITAL INVESTMENT
CAPITATION TAX
One which is levied upon the person simply, without any reference to his property, real or personal, or to any business in which he may be engaged, or to any employment which he may follow. Gardner v. Hall, 61 N. C. 22; Leedy v. Bourbon, 12 Ind. App. 486, 40 N. E. 640; Head Money Cases (C. C.) 18 Fed. 139. A tax or imposition raised on each person in consideration of his labor, … [Read more...] about CAPITATION TAX
CAPITAL OFFENSE
A crime which can be punishable by death. … [Read more...] about CAPITAL OFFENSE