Talk:Capital gain
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[edit] Merge from Capital Loss
As a loss is merely a negative gain, shouldn't these two be merged? Any tax ramifications (under the US system) can then be placed in its own section. Avi 22:09, 12 January 2006 (UTC)
Merged Avi 18:40, 15 January 2006 (UTC)
It think this article should be retitled Capital Gain - United States Taxation. It could then be appropriatly expanded.
Peter Reilly 15:40, 15 April 2006 (UTC)
I agree, it should be retitled Capital Gain-- United States Taxation. If capital gains and losses have other meanings in other countries, it will only confuse readers to address those multiple meanings in the same article. Otherwise, as for the U.S., the point of discussing capital gains and losses is to measure the performance of an investment--and the tax consequences that flow from it. [Sterling Lee 16:03, 15 April 2006 (UTC)]
[edit] Other Comments
Shouldn't there be something about bed-and-breakfasting here? Stan 20:44, 5 Mar 2004 (UTC)
- Bed-and-breakfasting? What so you mean? Avi 22:09, 12 January 2006 (UTC)
- Selling on day one to trigger a gain or loss (which may be useful to set off against other gains or losses, or make use of exemptions or reliefs) and buying back the same things on day two, taking the (small) risk of an overnight price movement. It does not work in the UK any more because there are rules matching disposals with acquisitions in the next 30 days (s.106A(5) TCGA), and 30 days is rather too long to wait, although I suppose you could do funny things with futures / contracts for differences / spreads. -- ALoan (Talk) 12:23, 13 January 2006 (UTC)
- Similar to a wash sale, but overnight? That doesn't work in the US either any longer Avi 14:57, 13 January 2006 (UTC)
- i know for a fact that this doesnt work for marketable securities (stocks, bonds, etc) in Canada. they got this neat thing called a "Superficial Loss". That is, if you sell and buy within less than 30 days apart, you can not claim a capital loss. however, if it is a gain instead, you WILL be taxable. Shaoquan 03:44, 3 March 2006 (UTC)
- Similar to a wash sale, but overnight? That doesn't work in the US either any longer Avi 14:57, 13 January 2006 (UTC)
- Selling on day one to trigger a gain or loss (which may be useful to set off against other gains or losses, or make use of exemptions or reliefs) and buying back the same things on day two, taking the (small) risk of an overnight price movement. It does not work in the UK any more because there are rules matching disposals with acquisitions in the next 30 days (s.106A(5) TCGA), and 30 days is rather too long to wait, although I suppose you could do funny things with futures / contracts for differences / spreads. -- ALoan (Talk) 12:23, 13 January 2006 (UTC)
[edit] Tax basis and Cost basis
I've redirects Tax basis and Cost basis here. Could someone add a bit about that? (Or if I'm mistaken, please redirect those to a more appropriate place.) Thanks! Ewlyahoocom 20:16, 6 May 2006 (UTC)
