Question
Download Solution PDFCapital gains means :
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is An increase in the value of an asset.
Key Points Capital gains:
- A capital gain is an increase in an asset's or investment's value as a result of the asset's or investment's price appreciation.
- In other terms, a gain happens when an asset's current or selling price exceeds its original purchase price.
- All kinds of capital assets, including but not restricted to stocks, bonds, goodwill, and real estate, are attributed with capital gains.
Important Points Classifications of Capital Gain:
- Capital gain can be realized or unrealized.
- The realized gain is the gain from the final sale of an asset or investment.
- Conversely, an unrealized gain arises when the current price of an asset or investment exceeds its purchase price, but the asset or investment is still unsold.
- Realized capital gains are usually classified as short-term gains or long-term gains.
- Short-term (capital) gains occur if an asset or investment was held for less than a year.
- Long-term (capital) gains are gains from an asset or investment that was held for more than one year.
Last updated on Jun 6, 2025
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