capital gains tax

  

Definition

Tax payable on profit made on the sale (disposal) of a capital asset, assessed and levied differently from tax on profit (income tax) realized from sale of goods or services in the normal course of a business. Often, profits on capital assets held for 12 months or longer are taxed at a favorable (lower) rate.

Related Videos




http://www.businessdictionary.com/definition/capital-gains-tax.html

Featured Sponsor

Have a question about capital gains tax? Ask for help in the
Community
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z