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If the accounts perform well, they can provide substantial gains in the value of the insured's policy.
K.K.R. attributed the drop in profitability to smaller gains in the value of its private equity portfolio.
In the past, they have been twice as likely to consume out of gains in the value of their homes as out of share appreciation.
Profit at the Japanese securities firm Nomura Holdings rose 60percentt for the quarter ended Dec. 31 on stock trading and gains in the value of the company's own investments.
In simple terms, gains in the value of assets held by the estate would be taxed at capital gains rates starting in 2010 rather than at estate-tax rates.
DealBook » Berkshire Hathaway Earnings Rose 46% in 2nd Quarter | The conglomerate run by Warren E. Buffett reported big paper gains in the value of its investments and derivative contracts, The Associated Press reports.
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Capital gains The increase in the value of an asset or investment -- like a stock or real estate -- above its original purchase price.
Most European markets are ahead this year when returns are expressed in dollars, mostly because of the 12percentt gain in the value of the euro.
This strategy allows an owner to liquidate much of the gain in the value of a building in a tax-free manner while still retaining the property.
But the 0.8percentt gain in the value of stockpiles was lower than the gain in April, which was revised to 1.4percentthethe Commerce Department said Tuesday in Washington.
The gain in the value of stockpiles was 1.4percentt and followed a revised increase of 0.9percentt in June, the Commerce Department said on Tuesday.
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