capital gains tax

British

noun

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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

In 2020, he reportedly moved from the UK to Monaco, which does not collect personal income tax or capital gains taxes.

From BBC

He reportedly moved from the UK to Monaco in 2020, a place that does not collect personal income tax or capital gains taxes.

From BBC

He tells clients in a note that a sale for A$500 million plus appropriate brand value, with only a modest capital gains tax impost, would be positively received by investors.

From The Wall Street Journal

The move by the UK's tax body is designed to ensure they pay all relevant tax on buying and selling crypto, including capital gains tax.

From BBC

In selling those shares, wouldn’t they have to pay a capital gains tax?

From Salon

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023