CGT

abbreviation for

1. capital gains tax

Example Sentences

The chancellor has announced the rate at which CGT is charged will go up, from 10% to 18% for basic rate taxpayers, and 20% to 24% for those who pay at the higher rate.

From BBC

Although she is not subject to CGT now, the next step in her career would be to become a partner at her firm, which would involve her buying shares in the company - which may later be subject to CGT if she were to sell them.

From BBC

However, there has been speculation Reeves could increase CGT - charged on profits from the sale of assets like second homes - and also freeze the income tax threshold beyond 2028, potentially dragging more workers into the higher tax bands.

From BBC

CGT is payable by individuals, but also self-employed sole traders, partners in business partnerships and company owners, among others.

From BBC

Critics point out that CGT rates are substantially lower than income tax.

From BBC