CAPITALGAINSTAX

Capital gains tax

A capital gains tax is a tax on capital gains, the profit realized on the sale of a non-inventory asset that was purchased at a cost amount that was lower than the amount realized on the sale. The most common capital gains are realized from the sale of stocks, bonds, precious metals and property. Not all countries implement a capital gains tax and most have different rates of taxation for individuals and corporations.

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capital gains tax

Noun

  1. A tax levied on the profit made from selling any "capital" (i.e. non-inventory) asset.


The above text is a snippet from Wiktionary: capital gains tax
and as such is available under the Creative Commons Attribution/Share-Alike License.

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