capital gains tax

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capital gains tax

n
(Economics) a tax on the profit made from the sale of an asset. Abbreviation: CGT
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
ThesaurusAntonymsRelated WordsSynonymsLegend:
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
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
Translations

capital gains tax

nimposta sulla plusvalenza
Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995
References in periodicals archive ?
According to the House Ways and Means Committee Report on Jobs and Growth Reconciliation Tax Act of 2003, HR2 (issued May 16, 2003), "In tax year 2003, the capital-gains tax cut which only covers eight months of the year is worth $30,700 to millionaires, but only $42 to households with incomes between $40,000 and $50,000.
The three ruling coalition parties -- the LDP, the New Komeito party and the New Conservative Party -- have agreed to work out a plan under which the capital-gains tax rate would be reduced to 20% from the current 26%.
''I want to ask the ruling bloc for an early simplification of the capital-gains tax of stock sales so that I can start reviewing capital-gains tax rates,'' Shiokawa told the House of Representatives Financial Affairs Committee.