“Post adjusting for fees and capital gains tax, the investor money has doubled in less than 24 months,” says Siddharth Oberoi, Fund Manager of Prudent Equity Ace Fund. In an interview with ETMarkets, Oberoi said: “The fund’s investment philosophy focuses on buying a stock at a discount to its estimated intrinsic value and identifying special … Read more
Some Canadian farmers say changes to a federal incentive billed as a method to lower the impact from the capital gains inclusion rate increase “doesn’t go far enough” and are calling on Ottawa to return the inclusion rate for farmers to what it was before this year’s change. On Monday, the Department of Finance provided … Read more
While admitting that the market is an overvalued state, Shreyash Devalkar, Head Equity, Axis Mutual Fund, says normalisation will happen in due course. “It is increasingly tough to buy stocks at reasonable valuations, however, given the earnings upgrades in the last few quarters, most stocks have re-rated,” he says. Edited excerpts from a chat: When … Read more
Besides macro factors and solid earnings growth, one of the biggest reasons behind higher valuation multiples on Dalal Street is the unflinching faith shown by domestic investors. But the valuation multiples can face headwinds if the domestic flows into equities slow down following rises in short- and long-term capital gains tax in the Union Budget, … Read more
Even as banks and other financial stocks dragged Sensex and Nifty down following a hike in capital gains tax in Budget, smallcaps and midcaps continued to rally as if nothing changed in the Finance Bill. Sensex was down around 600 points as heavyweights HDFC Bank, ICICI Bank, Axis Bank and Bajaj twins led the downside … Read more
Canadians are scrambling to get their “affairs in order” as controversial changes to how capital gains are taxed are set to go into effect on Tuesday, accountants say. The changes, which have received pushback from business groups and doctors, will increase the inclusion rate for taxable capital gains from 50 to 67 per cent for … Read more
With the increase in the capital gains inclusion rate moving forward, Canadians with family cottages are facing a larger tax bill when they pass them on to family or sell for retirement. Real estate experts say it’s not just the wealthy being caught in the crossfire. “I know the federal government has been vocal about … Read more
The House of Commons voted Tuesday to approve the Liberal government’s capital gains tax changes despite the Conservatives opposing the measure. Prime Minister Justin Trudeau voted in person along with his government for the tax changes, which will increase the inclusion rate for taxable capital gains. They are now set to take effect June 25. … Read more
The Liberal government is proceeding with its controversial capital gains tax change proposal set to be introduced in the House of Commons on Monday. The tax hike could have been included in the 2024 budget bill tabled in April, but the Liberals gave it a separate legislative treatment in the hope of scoring some political … Read more
A “surprisingly bad outcome” in national elections, and any changes in capital gains tax in upcoming July budget could act as triggers for a near-term correction in Indian markets, Christopher Wood, global head of equity strategy at Jefferies said. While a shock BJP defeat in 2024 elections is “extremely unlikely”, markets could correct even more … Read more
