capital gains tax(redirected from Levy, Capital)
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capital gains tax
(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
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|Noun||1.||capital gains tax - a tax on capital gains; "he avoided the capital gains tax by short selling"|
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