Definitions for capital gains tax
cap·i·tal gains tax

Princeton's WordNetRate this definition:0.0 / 0 votes

1. capital gains taxnoun

   a tax on capital gains

   "he avoided the capital gains tax by short selling"

WiktionaryRate this definition:0.0 / 0 votes

1. capital gains taxnoun

   A tax levied on the profit made from selling any "capital" (i.e. non-inventory) asset.

WikipediaRate this definition:0.0 / 0 votes

1. Capital gains tax

   A capital gains tax (CGT) is the tax on profits realized on the sale of a non-inventory asset. The most common capital gains are realized from the sale of stocks, bonds, precious metals, real estate, and property. Not all countries impose a capital gains tax and most have different rates of taxation for individuals versus corporations. Countries that do not impose a capital gains tax include Bahrain, Barbados, Belize, Cayman Islands, Isle of Man, Jamaica, New Zealand, Sri Lanka, Singapore, and others. In some countries, such as New Zealand and Singapore, professional traders and those who trade frequently are taxed on such profits as a business income. In Sweden, the Investment Savings Account (ISK – Investeringssparkonto) was introduced in 2012 in response to a decision by Parliament to stimulate saving in funds and equities. There is no tax on capital gains in ISKs; instead, the saver pays an annual standard low rate of tax. Fund savers nowadays mainly choose to save in funds via investment savings accounts. Capital gains tax can be payable on valuable items or assets sold at a profit. Antiques, shares, precious metals and second homes could be all subject to the tax if you make enough money from them. How much tax is payable can differ. The lower boundary of profit that is big enough to have a tax imposed on it is set by the government. If the profit is lower than this limit it is tax-free. The profit is in most cases the difference between the amount (or value) an asset is sold and the amount it was bought for. The tax rate of the capital gains tax depends on how much profit you gained and also on how much money you make annually. For example, in the UK the CGT is currently (tax year 2021–22) 10% of the profit if your income is under £50,000, then it is 20% if your income exceeds this limit. There is an additional tax that adds 8% to the existing tax rate if the profit comes from residential property. If any property is sold with loss, it is possible to offset it against annual gains. The CGT allowance for one tax year in the UK is currently £12,300 for an individual and double (£24,600) if you are a married couple or in a civil partnership. For equities, an example of a popular and liquid asset, national and state legislation often has a large array of fiscal obligations that must be respected regarding capital gains. Taxes are charged by the state over the transactions, dividends and capital gains on the stock market. However, these fiscal obligations may vary from jurisdiction to jurisdiction.

FreebaseRate this definition:0.0 / 0 votes

1. Capital gains tax

   A capital gains tax is a tax on capital gains, the profit realized on the sale of a non-inventory asset that was purchased at a cost amount that was lower than the amount realized on the sale. The most common capital gains are realized from the sale of stocks, bonds, precious metals and property. Not all countries implement a capital gains tax and most have different rates of taxation for individuals and corporations. For equities, an example of a popular and liquid asset, national and state legislation often has a large array of fiscal obligations that must be respected regarding capital gains. Taxes are charged by the state over the transactions, dividends and capital gains on the stock market. However, these fiscal obligations may vary from jurisdiction to jurisdiction.

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1. • Tax

How to pronounce capital gains tax?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

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   Zira

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   Oliver

   British

   Wendy

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   Fred

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   Tessa

   South African

How to say capital gains tax in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of capital gains tax in Chaldean Numerology is: 8

2. Pythagorean Numerology

   The numerical value of capital gains tax in Pythagorean Numerology is: 4

Examples of capital gains tax in a Sentence

1. Scott Morrison:

   Abolishing negative gearing, which has been part of our housing markets for a century, and increasing capital gains tax, would clearly have a more substantial and dislocating impact, placing more than just our credit rating at risk.

2. Mark Mobius:

   We don't want this axe over our head with the possibility of this capital gains (tax) being imposed.

3. Charles Krauthammer:

   We could have a case where you could have a Republican president who believes in abolishing the capital gains tax, congress says no, and he then prioritizes IRS collections and says don't collect the capital gains tax, doing exactly what Obama is doing.

4. Richard Painter:

   It is very difficult to ask family members and family trusts to sell stocks when they will surely get hit with a capital gains tax for doing so, The best answer is sometimes to live with the conflict.

5. Timothy Kenney:

   If the investor has held the fund for a less than a year, all capital gains will be taxed at their income level, if they have held the fund for greater than a year, they can get a little break in the capital gains tax, maybe 5 % or 20 % depending on your tax bracket, but they may have a big tax bill to pay next year since we've been in a bull market for so long.