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capital gains tax

   Also found in: Financial, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
capital gains tax
n
(Economics) a tax on the profit made from the sale of an asset Abbreviation CGT
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.capital gains tax - a tax on capital gains; "he avoided the capital gains tax by short selling"
revenue enhancement, tax, taxation - charge against a citizen's person or property or activity for the support of government
Translations
capital gains tax nimposta sulla plusvalenza


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Live in the property But if you want to avoid capital gains tax, you must make your investment property as your primary residence, which means you have to spend at least two years living in the house in the period of five years.
For those not familiar with what a capital gains tax may be, it is a tax on profits of an investment.
Jamie Spencer had to pay EUR102,855 for under-declaration of capital gains tax after falling foul of the Revenue Commissioners.
 
 
 
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