Definition of
capital gains tax
tax on difference between buying and selling price a tax on the difference between the gross acquisition cost and the net proceeds when an asset is sold.
Related definitions of "capital gains tax"
- Abbr CGT
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tax on difference between buying and selling price a tax on the difference between the gross acquisition cost and the net proceeds when an asset is sold.
Definitions of ’capital gains tax’ and meaning of ’capital gains tax’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’capital gains tax’ and other financial terms with our online QFINANCE Financial Dictionary.