capital gains tax

noun

1. a tax on the profit made from the sale of an asset CGT

Example Sentences

The IRS treats cryptocurrencies as property for tax purposes, meaning donors can deduct the fair market value of their crypto donations on their tax returns without being subject to capital gains tax.

From Salon

Some Silicon Valley investors are vocally backing Trump due to concerns about how the government is regulating cryptocurrency, its policies on AI and the threat of an increase in capital gains taxes.

From Los Angeles Times

The president has proposed raising capital gains taxes to a top rate of almost 40%; Harris said she would raise them to a more modest 28%.

From Los Angeles Times

Other rumoured tax rises include to capital gains tax, which is paid on profits made by selling assets including shares and property other than a main home.

From BBC

A Labour MP has said capital gains tax needs to be adapted to stop people using housing stock as an investment rather then a home.

From BBC