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.
capital gains tax is in the Accounting & Auditing, Banking, Commerce & Finance and Investing subjects.
capital gains tax appears in the definitions of the following terms: rollover relief, tax basis, net return, pension fund, tax efficiency, capital gain, drag on returns and tax avoidance
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