U.S. capital gains tax on foreign stock sales...?

I have shares of an Australian pharmaceutical company that I purchased in 2002. The shares have increased significantly in value, and I am ready to sell them. Unfortunately, I am uncertain of the tax consequences.

Would the capital gains be taxed at the long-term tax rate of 15% like a domestic stock? Will the gains be taxed at my regular income rate? Or, is there a special tax for foreign investments? I have searched the Internet and the tax guides at my local bookstore, but I cannot find a definitive answer. Any help would be greatly appreciated.

it makes no difference what country the capital gains come from. tax would be the same as if the stock was from a U.S. company.
Stocks held 5 yrs or longer would be taxed at a lower rate, starting at 5% if you are in lowest tax bracket.

In the year 2007 long term capital gain rate in US is 5% if you are in the 15% bracket; and after 2007 the rate drops to 0%. Sell this year and pay 5% or wait until 2008 and pay 0%; unless the bottom falls out before 2008. Your choice.

Tags

　　Earn Money 　　Direct Investment 　　Debt Financing 　　Capital Investment 　　Business Investment 　　Business financing 　　Business Invest 　　Business Debt

Related information

Looking for Real Estate investment partner?

I know Columbia very well, I have a number of friends there. I started in real estate there. I also know a lot of the major players in the Columbia real estate market. I seriously doubt you will...

Need a Chocolate Plant Feasibility Study?

I don't quite understand the question. I am a project engineer for a chcolate manufacturer.. $3m will not get you far if you need to build a factory

...

Please help me with this maths question.?

Put your values across (or whatever way you want it). I assume A1=year 1, A2=Year 2 etc To evaluate a project is basically to find the net present value of the project. So you have to have a RRR...

What would be the impact of interest, taxes, depreciation, and amortization have on these figures?

interest, taxes, depreciation, and amortization will have no impact on investment, they come after investment. For interest are you talking interest expense or interest income? Annual income should...

How to evade income tax in India?

Eat lots of hot and spicy curry but keep water close by.

...

NPV? Can someone pls help? Im lost!!?

The answer is $4.97 million. I'll send you a spreadsheet showing the analysis if you email me.

...

What are commodity futures, and how can you trade them?

Futures are just a trade on a future price, For example if you are trading a 5000 0z gold contract you make or lose $5000. for every dollar move in the price . You can be long or Short (make money ...

How to set up a small scale biotech company?

Go to ...