capital profit tax

capital profit tax
tax imposed on profits earned by selling property

English contemporary dictionary. 2014.

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  • capital gains tax — (CGT) When you sell a capital asset such as a property or shares, the profit is treated as a capital gain rather than income and is subject to Capital Gains Tax. This is the difference between the base cost (i.e. the acquisition cost) and the… …   Law dictionary

  • capital gains tax — capital gains ,tax noun uncount a tax that a person or company pays on the profit you get from selling property or from money you have invested …   Usage of the words and phrases in modern English

  • Capital gains tax — A capital gains tax (abbreviated: CGT) is a tax charged on capital gains, the profit realized on the sale of a non inventory asset that was purchased at a lower price. The most common capital gains are realized from the sale of stocks, bonds,… …   Wikipedia

  • Capital Gains Tax — A type of tax levied on capital gains incurred by individuals and corporations. Capital gains are the profits that an investor realizes when he or she sells the capital asset for a price that is higher than the purchase price. Capital gains taxes …   Investment dictionary

  • Capital gains tax in Australia — Capital Gains Tax (CGT) in Australia applies to the capital gain made on disposal of any asset, except for specific exemptions. The most significant exemption is the family home. Rollover provisions apply to some disposals, one of the most… …   Wikipedia

  • Profit tax — in Hong Kong is Direct tax and also classified into Income tax.According to Cap.112 Hong Kong Ordinance, Inland Reveue Ordinance (in short, IRO) IRO Section 14, unless otherwise provides, profit tax shall be charged at the standard rate on any… …   Wikipedia

  • capital gains tax — noun A tax levied on the profit made from selling any capital (i.e. non inventory) asset …   Wiktionary

  • capital gains tax — UK / US noun [uncountable] a tax that you pay on the profit you get from selling property or from money you have invested …   English dictionary

  • capital gains — index boom (prosperity) Burton s Legal Thesaurus. William C. Burton. 2006 capital gains …   Law dictionary

  • capital — cap·i·tal 1 adj [Latin capitalis, from caput head, a person s life (as forfeit)] 1 a: punishable by death capital murder b: involving execution a capital case 2 [Medieval Latin capitalis chief, principal, from Latin …   Law dictionary

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