capital gains tax

British

noun

CGT. a tax on the profit made from the sale of an asset

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

A spokesperson for Kensington Palace has also said that the Prince of Wales voluntarily pays the top rate of income and capital gains tax on all his personal income, including receipts from the Duchy.

From BBC

Unlike other investments, any returns are protected from income tax and capital gains tax.

From BBC

Missouri only a few months ago repealed a capital gains tax.

From The Wall Street Journal

If I give her the money, it’s a little more complex, and she gets the current value as the cost basis, reducing the chance that she would eventually pay the capital gains tax.

From MarketWatch

In 1992, Elizabeth II volunteered to pay income tax and capital gains tax on her personal income, and the King does the same.

From BBC

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023