# What was capital gains tax in 2011?

## What was capital gains tax in 2011?

15%
For 2011 and 2012, long-term capital gains (assets held for more than one year) are taxed at a maximum tax rate of 15% (unless you are selling collectibles or have depreciation recapture on real estate, then the maximum rate is 28% and 25% respectively).

What was the capital gains tax rate in 2010?

(a) The Taxpayer Relief Act of 1997 provided that on January 1, 2001, the 10% capital gains rate for people in the 15% bracket would drop to 8 percent. This may be honored as the Bush tax cuts expire at the end of 2010. (b) The extra 3.8% was enacted during 2010 as part of the new health care law.

What is the rate of capital gains tax in Ireland?

33%
Rate and payment of Capital Gains Tax. The standard rate of Capital Gains Tax is 33% of the chargeable gain you make. A rate of 40% can apply to the disposal of certain foreign life assurance policies and units in offshore funds.

### What was capital gains tax rate 2008?

Zero capital gains taxes for some 1, 2008, the best of all possible tax rates — zero percent — took effect for investors in the 10 percent and 15 percent income tax brackets. Previously these taxpayers had to pay Uncle Sam 5 percent of their long-term capital gains.

What was the capital gains tax in 1975?

Federal Capital Gains Tax Collections, Historical Data (1954-2018)

Tax Year Total Realized Capital Gains (\$ millions) Average Effective Tax Rate (%)
1975 30,903 14.7
1976 39,492 16.8
1977 45,338 18.2
1978 50,526 18.0

How can I reduce capital gains tax in Ireland?

Invest directly in shares which don’t pay a Dividend. You’ll only pay 33% Capital Gains Tax on any profit you make when you sell those shares. If you invest in a Dividend paying share you could lose more than half of the dividend as you must pay income tax at your higher rate of tax, as well as the USC and PRSI.

#### Do I have to pay capital gains tax in Ireland?

If you are an individual, you have a personal exemption of €1,270 each year. If your chargeable gain is less than this, you will not have to pay any CGT. The rate of CGT is 33% for most gains. There are other rates for specific types of gains. These rates are: 12.5% for gains from venture capital funds for companies.

What is the rate of capital gains tax?

The rate of CGT is 33% for most gains. There are other rates for specific types of gains. These rates are: 40% for gains from foreign life policies and foreign investment products. 15% for gains from venture capital funds for individuals and partnerships. 12.5% for gains from venture capital funds for companies.

What is the capital gains tax on foreign life insurance?

The standard rate of Capital Gains Tax is 33% of the chargeable gain you make. A rate of 40% can apply to the disposal of certain foreign life assurance policies and units in offshore funds. For certain windfall gains the windfall gains rate of tax (pdf) is 80%.

## What is the rate of CGT on foreign investment?

Rate of CGT. The rate of CGT is 33% for most gains. There are other rates for specific types of gains. These rates are: 40% for gains from foreign life policies and foreign investment products. 15% for gains from venture capital funds for individuals and partnerships. 12.5% for gains from venture capital funds for companies.