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
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
Translations

capital gains tax

nimposta sulla plusvalenza
References in periodicals archive ?
In Mr Llwyd's words: "When I sold my flat I fully declared it so that I paid the Capital Gains Tax in full.
This is because there is no capital gains tax on redemption of mutual fund shares.
Any capital gains tax due on the sale must be paid within 30 days unless the individual comes under self-assessment.
19 written response to the ruling party, the finance ministry said it could "consider" abolishing the tax only after the country "further increases" capital gains taxes on stock trading.
The IRS recently announced its inflation-related adjustments to the tax code for 2019, and one of those changes was the revised long-term capital gains tax brackets.
According to the source, who asked not to be named, the IMF mission has asked the Ministry of Finance to prepare for the implementation of the capital gains tax and study the experiences of the countries that apply the tax.
That gives them a double benefit: They are generally eligible to claim a charitable deduction for the full fair market value (FMV) of the asset and can potentially eliminate up to the 23.8% capital gains tax they would have otherwise incurred on the sale.2
The Netherlands treaty exempts sale of shares of an Indian company by a Dutch-based company if it holds less than 10 per cent shares in the Indian company from short-term capital gains tax. In fact, even if the Dutch company holds more than 10 per cent in the Indian company, it can sell to a non-resident without attracting short-term capital gains tax.
Capital gains tax will be imposed on investments from Singapore that are made from April onwards.
Ed Garner of Maumelle sponsored a capital gains tax reduction (HB 1947) that passed the House with 29 Republican and 27 Democratic votes.
First of all, you are right when you say that the sale of the second property will potentially trigger a capital gains tax bill.