Jump to main navigation Jump to main content. Last updated Wednesday, Oct. They say a picture is worth a thousand words. In some cases, it may be worth millions. All I know, is that the owner of that photo made a substantial profit on its sale and probably paid a whack of tax. Two of the biggest challenges facing any investor are how to minimize tax on capital gains — whether on artwork, stocks, real estate or other assets — and how to make the most of capital losses.

As we approach year-end, consider these ideas for dealing with capital gains and losses in This will defer the payment of your taxes by a full year. You can increase your ACB by selling securities that have appreciated in value and then reinvesting those dollars in the same or other investments.

If you have capital losses to use up, consider selling other securities at a profit before year-end to use those losses.

Similarly, if you realized capital gains in and are expecting to pay tax on those gains, consider selling some other investments that have dropped in value to apply your losses against the gains. Keep in mind that the final day for trading, if you hope for a transaction to settle inis Dec.

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To claim a reserve, you must not be entitled to all of your sale proceeds in the year you sell the investment. This can work well for sales of certain tangible assets, such as real estate, but can even work for sales of securities if you sell to a family member first who then sells on the open market.

But speak to a tax pro about how to do this properly. There are ways to use up this exemption without giving up control of your business or assets today. Speak to a tax pro about us dollar rate in india rbi. If you donate securities that have appreciated in value to a registered charity, you can eliminate the tax on the capital gain, and receive a donation tax credit as well.

It makes more sense than donating cash. If you close out option contracts with accrued capital losses before year-end, you'll be able to utilize those losses to offset realized capital gains this year, or inor If you have investments that have declined in value, consider giving those to an adult child andreas gursky stock market you still like the future prospects of the investment.

This can reduce taxes and probate fees that might otherwise be owing at the time of your death. Tim Cestnick is president of WaterStreet Family Officesand author of several tax and personal finance books. Follow us on Twitter: TAX MATTERS Five smart ways to reduce your tax burden as year-end looms.

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"Kuwait Stock Exchange" (Andreas Gursky Photograph)

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Selected data supplied by Thomson Reuters. TAX MATTERS How to minimize tax on capital gains — and make the most of capital losses Add to Comments Share via email Share on facebook Share on twitter Share on LinkedIn Print.

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