Latest news with #Wealth
Bloomberg
5 days ago
- Business
- Bloomberg
AI Capex Buildup Not Going Anywhere: UBS's Hoffmann-Burchardi
Stocks have room to rise despite tariff-induced volatility, says Ulrike Hoffmann-Burchardi, UBS Global Wealth CIO Americas and Global Head of Equities, on Open Interest. (Source: Bloomberg)
Time of India
03-07-2025
- Business
- Time of India
Will LTCG exemption on equity, equity mutual funds be Rs 1 lakh or Rs 1.25 lakh while filing ITR for FY 2024-25 (AY 2025-26)?
Academy Empower your mind, elevate your skills LTCG exemption on equity: Rs 1 lakh or Rs 1.25 lakh on listed equity, equity mutual funds LTCG at 10% or 12.5%? STCG at 15% or 20? Time of sale LTCG STCG Sale before 23.07.2024 10% 15% Sale on or after 23.07.2024 12.5% 20% The financial year 2024-25 saw changes in the capital gains taxation rules. The new regulations kicked in on July 23, 2024, right after the Union Budget 2024 was announced, following the Lok Sabha Elections in April and May 2024. As new capital gains rules for all assets, such as houses, equity, mutual funds, and gold, came into effect from July 23, 2024, taxpayers will need to be careful when calculating capital gains. If you sold an asset before July 23, 2024, then the old capital gains rule will apply. The revised rules will typically apply to any capital asset sold on July 23, 2024, you have sold any listed stocks or equity mutual funds during the financial year 2024-25, then you must be wondering about the maximum LTCG exemption you can claim. The good news is that the maximum LTCG exemption limit for listed equity and equity mutual funds has been raised to Rs 1.25 lakh from Rs 1 lakh earlier. However, the tax rate on LTCG for listed equity stocks and equity mutual funds has been increased from 10% to 12.5%. In case of short term capital gains (STCG) the rate has been raised from 15% to 20%.Also Read | ITR filing is easier for salaried employees with these sources of income Many taxpayers are confused as to whether they will get only Rs 1 lakh LTCG exemption if they sold their equity or equity mutual fund holdings before 23 July 20224. Another confusion is regarding the new tax rate whether the increased tax rate will be applicable on all redemptions or only on those done on or after 23 July Wealth online tells you the maximum LTCG exemption on listed equity and equity mutual funds, tax rate while filing income tax return for FY 2024-25 (AY 2025-26).According to tax experts, the LTCG exemption on listed equity and equity mutual funds will be Rs 1.25 lakh. This limit will be applicable on an aggregate basis irrespective of whether the assets were sold before or after July 23, 224.S. Vasudevan, Executive Partner, Lakshmikumaran Sridharan Attorneys, says, "For AY 2025-26 (FY 2024-25), the exemption limit in respect of LTCG from the sale of listed equity shares or equity mutual funds is Rs 1.25 Lakhs. This limit applies for the entire fiscal year, regardless of whether the sale occurred before or after July 23, 2024. Further, in respect of any short-term capital gains (STCG) arising from listed equity shares or equity mutual funds, there is no exemption limit. In other words, tax will be payable even on STCG irrespective of the amount of such gain."Gopal Shah, CA & Partner - Direct Tax at N. A. Shah Associates LLP, says, "No tax shall be charged on the LTCG up to Rs. 1,25,000 from listed equity and equity mutual funds. While calculating this limit, the aggregate of LTCG for the entire financial year, regardless of whether the sale occurred before or after July 23, 2024, will be considered. The long-term capital gains under Section 112A are exempt from tax up to Rs. 1,25,000 irrespective of whether the taxpayer is paying tax under the old capital gains or the new capital gains rules."Amarpal Chadha, Tax partner, EY India, says, "The limit of Rs 1.25 lakh is common for listed equity and equity mutual fund transactions undertaken pre and post July 23, 2024. Accordingly, the exemption limit will be Rs 1.25 lakh."The aggregate limit for LTCG exemption on listed equity and equity mutual funds will be Rs 1.25 lakh irrespective of the date of sale. However, the tax rate will differ depending on the date of says, "LTCG from sale of listed equity shares, units of equity mutual funds, or units of business trusts where STT is paid at the time of acquisition and/or at the time of transfer, shall be charged to tax @ 12.50% where transfer is on or after July 23, 2024 and @10% where transfer is before July 23, 2024."Vasudevan says, "Even the tax rate on short-term capital gains (STCG) from listed equity and equity mutual funds will depend on the date of the transfer. STCG accrued before July 23, 2024, will be taxed at 15% and on or after July 23, 2024, will be taxed at 20%"Source: Lakshmikumaran & Sridharan Attorneys"In case the total income of a resident individual or HUF other than LTCG and STCG on listed equity shares or equity mutual funds is below the maximum amount not chargeable to income tax (i.e. Rs. 2.5 L under old regime and Rs. 3 L under new regime), then only that LTCG and STCG as reduced by such shortfall shall be subjected to tax," says Vasudevan.
AU Financial Review
02-07-2025
- Business
- AU Financial Review
You're richer than you know: inside the inheritocracy
This week on The Fin podcast, Chanticleer columnist James Thomson and Wealth reporter Lucy Dean on the surge in inherited wealth, what's behind it, and how it's changing what we think about business, money – and love.
Yahoo
25-06-2025
- Business
- Yahoo
More retail investors are turning to gold & crypto. Here's why.
Retail investors are shifting their portfolios as concerns about a weakening US dollar (DX=F, grow. Bret Kenwell, eToro US investment analyst, joins Wealth to explain why retail investors are increasingly turning to gold (GC=F) and crypto as alternative assets. To watch more expert insights and analysis on the latest market action, check out more Wealth here. A new survey on retail investors shows a majority have adjusted or plan to adjust their portfolios to invest in more gold and crypto amid concerns over a weakening dollar. Here with more, we've got Brett Kenwell, who is the eToro US Investment Analyst. Brett, good to have you. So, just tell us more about how retail investors are thinking of gold and crypto, commonly known in Bitcoin's case, historically as digital gold, as a kind of hedge to some of the uncertainty that we've seen. Yeah, Braden, thanks for having me. I think, you know, when you look at retail investors, um, you know, sort of one characteristic that really jumps out to me about the group is they tend to be opportunistic. Um, in this case, we have, you know, we were kind of surveying them specifically about certain risks, one of them being a weaker dollar, and their response to that was to allocate more of their portfolios to gold and crypto, um, specifically in that order. But I think, you know, when we kind of zoom out, be it for Q2 or really for the year, um, you know, they've seen how well some of these different asset classes have performed, and I think that has really been a motivating factor for for retail to sort of, you know, step back and zoom out and and reassess how they want to have their their portfolios positioned. Yes, it's still a majority into US stocks, and that is, um, a favorite asset class for them to hang out in. I I believe that will be the case for the foreseeable future, but things like gold, um, Bitcoin, even international equities, have have certainly gained traction with retail. I thought the findings from the survey were really remarkable in the differences and how different demographics, age demographics are looking across this. What was the breakdown there that really netted out? Yeah, you know, I I don't think it'd be too surprising to your viewers to hear that, um, the younger side of retail investors, so your Gen Zs, your millennials, um, even Gen X is more has a more favorable stance towards, uh, crypto and Bitcoin than, you know, our boomers and silent generations, some of our older, more classical investors, but I think what at least what stuck out to me was that the younger generation was also more favorable towards gold than the older generation. So I think, again, that is sort of a, you know, a tell on how social, uh, social media, how the news, how media kind of influences younger investors and how they're digesting their information and and where they're getting it from. Um, because, you know, gold has done so well, not just this year, um, as a safe haven, uh, investment, safe haven asset when when volatility is very high and stocks were doing poorly, but gold has actually outperformed the S&P 500 in three of the last five years, and is on track to do it again this year, provided, you know, the second half isn't too wild. Um, so I think I think they see that, and they view that as an opportunity. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-06-2025
- Business
- Yahoo
How home swapping is helping travelers save on summer trips
90% of travelers are planning to cut travel costs during their trips this summer, according to data from Kindred, as summer vacation costs have risen by $259 per person compared to last year. Justine Palefsky, co-founder of Kindred, joins Wealth to explain how more Americans are turning to home swapping to cut costs without canceling their trips. To watch more expert insights and analysis on the latest market action, check out more Wealth here. 90% of travelers are hoping to cut costs on their trips this summer. That's according to a new survey by home swapping platform Kindred. Some strategies include staying with friends or family, hunting for cheaper accommodations, or even opting for a staycation. I want to bring in Justin Polevski. She is the co-founder of Kindred. So Justin, Kindred's latest data shows that travelers aren't canceling trips, rather they're adapting. So what does that say about consumer priorities right now, especially in the face of some of these rising costs? Yeah, you're exactly right, Ali. I think we're seeing a confluence of factors right now that is resulting in a big change in the way people travel. As you mentioned, costs have risen quite significantly. Our summer travel report found that the cost of a summer vacation is $259 per person higher this summer than it was last summer. And at the same time, there's rising frustration. So 80% of people in the U.S. result feeling frustrated with the options that they have available, whether it's too little space, they don't feel that they have the accommodations that are comfortable, especially for the costs. And those two factors together are resulting in a lot of people looking around saying, "Hey, is there a way to get creative for me to still be able to get my summer travel in without having to break the bank and having a better experience." I'm I'm Go ahead. No, I was just going to say into that point, 12% of travelers are now turning to home swapping options like Kindred. So for someone unfamiliar, how does that actually work? How much can the average traveler realistically save? It reminds me of the movie "The Holiday," which is one of my favorites. The Holiday is a wonderful movie. It's it's exactly like that. So Kindred is really it's a social network for travel that helps peers organize stays at each other's homes. So instead of being a commercial travel marketplace, it's really for real people sharing their real homes with each other. Members do not pay one another to stay. They pay a small service fee and a cleaning fee, and removing out that nightly rate means that the average cost of a home swap is a fraction of the percentage of what it would cost to stay at a hotel or a short-term rental. So as an example, I actually just got back from New York City. I stayed there for a little bit over a week. I spent around $250 total, including my cleaning fee and all my service fees. So it really radically changes the equation for what travel can cost this summer. Are you seeing this type of model resonate with different demographics? For example, with remote work exploding recently, are those workers really more interested in this type of travel? Yeah, we're seeing home swapping resonate with a number of different consumer personas. One, as you mentioned, is certainly folks who are working remotely. They have more flexibility, they can work from a different city for a period of time, and they want to take advantage of that flexibility to squeeze in more travel. But we're also seeing home swapping really resonate with other groups, including families with young children. Actually, on Kindred, families is our fastest growing collection. We matchmake families with similar aged children, and they love home swapping because it enables them to stay in a bigger, more comfortable home with multiple bedrooms. And if you're traveling with an infant or a young kid, it is great to show up at a home that is already kid-proofed and has all the gear. So it's a way of making a family-friendly vacation more within the realm of possibility for families with kids. You mentioned you've recently traveled to New York City. What are the most popular cities or destinations for home swaps right now, and are people using this to explore new places or stay longer in familiar ones? It's both. Our most popular cities on Kindred right now are often the high-cost cosmopolitan cities like New York City, Paris, London, San Francisco. These are cities that have a tremendous price tag attached to them in order to travel. And so a lot of folks are traveling because they want to experience life in this other city. They're doing a mixture of business travel, personal travel, and vacation, and are using it as a way to experience life in a new city. Great, Justine. An innovative way to maybe have some different types of options out there for your travel plans. Thank you so much. Thanks for having me. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
