capital gains tax

noun

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

Example Sentences

And there will also be an increase to capital gains tax on share sales and a freeze on inheritance tax thresholds.

From BBC

He argued he could pay capital gains tax on it at a rate of 10% rather than income tax and national insurance at a top rate of 52%.

From BBC

Any appreciation that occurred during his lifetime won’t be taxed, but you would be subject to capital gains tax on any appreciation that occurs after that date.

From Los Angeles Times

The IRS treats cryptocurrencies as property for tax purposes, meaning donors can deduct the fair market value of their crypto donations on their tax returns without being subject to capital gains tax.

From Salon

Some Silicon Valley investors are vocally backing Trump due to concerns about how the government is regulating cryptocurrency, its policies on AI and the threat of an increase in capital gains taxes.

From Los Angeles Times