Banks and property developers led the gains, a sign that recent concerns over Beijing tightening policy over towards the property market were fading.
Still, government officials have made repeated pledges that property price curbs will remain in place, indicating gains in the property market will be mild.
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The upshot is that investors are counting on significant future gains in property values.
It's mainly rents, but also includes gains from property sales and income from tenant services like cable access.
Let me count the ways: income taxes, Social Security taxes, Medicare taxes, property taxes, capital gains taxes, dividend taxes, sales tax, gas taxes, payroll taxes, business taxes, inheritance taxes, gift taxes, tariffs, tolls, and excise taxes.
It also made it easier to exclude capital gains from rental property, further pushing up the demand for housing.
Dell is focused on the development and acquisition of storage intellectual property that delivers productivity and efficiency gains for highly-virtualized data centers.
The firms hoped capital gains on shares and property would close the gap between the interest rates they had guaranteed and those they could earn on their bond portfolios.
DC, gains from a Connecticut property-investment partnership, a suspect deal between Enron and the state rubbish authority, and that Ford Mustang, which was given to Mr Rowland at a Tomasso family bash.
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Fears of a property bubble that, if it burst, could create urban China's first widespread experience of negative equity prompted the authorities in Shanghai last week to announce a 5.5% capital-gains tax on the sale of property held for less than a year.
Section 206 provides a juicy capital-gains tax exemption for contributions of property for conservation, meaning wealthy environmentalists with extra acreage will be able to take a tax deduction for the appreciated property and have the environmental organization preserve it, adding to the value of the primary property.
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The New Jersey Gross Income Tax Act does not follow federal law regarding carry-forward and carry-back losses and the loss on the 2008 New Jersey individual income tax return can only be netted against gains or income reported in the category Net gains or income from disposition of property.
Thus the operating income gains will not translate into further increases in property values.
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If the property has been held for more than one year, gains are taxed at favorable long-term capital gain tax rates.
Higher property prices boost tax revenues directly, through levies on capital gains or on transactions (such as stamp duty in Britain).
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When you sell the property, the past losses can be used to offset any gains, and, if you have more passive loss write-offs afterward, you can claim them against regular income.
Upon the ultimate sale of the property, basis-adjusted profit is taxed at the current capital gains rate, typically lower than income tax.
Once bond spreads and property yields are low, there is no longer much scope for further capital gains.
Individuals have been pouring money into real estate, lured by the promise of gains, low interest rates on loans, and the general view that property is a better investment right now than the stock market.
If, however, you live in a community property state and hold property jointly, at the death of the first spouse the entire property is stepped up in basis--meaning it can be sold immediately without gains tax.
Under current law, gains of foreign investors from the disposition of U.S. real property interests are generally subject to U.S. tax under FIRPTA, and foreign investors including large foreign pension funds regularly cite FIRPTA as an impediment to their investment in U.S. infrastructure and real estate assets.
They don't have to include in income the rental value of their property--their dividends, if you will, from owning--and capital gains are pretty much exempt, too.
The initial reaction to the news saw stocks of property developers recover from earlier losses and jump 1 to 2% before settling down in the afternoon with modest gains for the day.
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