capital gains tax

noun

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

Example Sentences

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

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“The countervailing tension exists between avoiding estate tax through lifetime transfers and avoiding capital gains tax through step-up at death,” he says.

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It suggests reforms to property tax and capital gains tax as "good places to start".

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The party also wants to slash rates of capital gains tax due when cryptocurrencies are sold, and allow people to pay taxes in Bitcoin and "other approved crypto".

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They also want to see capital gains tax, levied when assets are sold, increased to bring it into line with rates of income tax.

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