Definition of capital gains tax in English:

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capital gains tax

Pronunciation: /ˌkapɪtl ˈɡeɪnz ˌtaks/
(abbreviation CGT)

noun

[mass noun]
A tax levied on profit from the sale of property or an investment.
Example sentences
  • The ISA wrapper protects your investment from income tax and capital gains tax, which is a good thing for most investors.
  • I infer from what you are saying that no attention at all was paid to the aspect of income tax or capital gains tax at the trial.
  • Few would argue with the levels of corporation tax or capital gains tax.
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