06-26-2006, 04:43 AM
[code] Gains and losses not realized are not considered for tax purposes. only realized gains and losses are considered. Tell me if u r asking for accounting purposes
posted by Abdul Rehman
[/code]
Wrong information.
It is possible to extract tax on unrealized gains. A good example is PGS (Planning Gain supplement). If the owner is successful in obtaining a planning permission to say convert a residential property to commercial one, the uplift in value though not realized is subject ot PGS and a tax return is due.
posted by Abdul Rehman
[/code]
Wrong information.
It is possible to extract tax on unrealized gains. A good example is PGS (Planning Gain supplement). If the owner is successful in obtaining a planning permission to say convert a residential property to commercial one, the uplift in value though not realized is subject ot PGS and a tax return is due.
