Definition of capital gains tax in English:

capital gains tax

Line breaks: cap|ital gains tax
Pronunciation: /kapɪtlˈɡeɪnztaks
 
/
(abbreviation: CGT)

noun

[mass noun]
  • A tax levied on profit from the sale of property or an investment.
    More 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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