Difference between revisions of "Capital gain"

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The amount of the realised increase in the value of a capital asset, as calculated for tax purposes.   
 
The amount of the realised increase in the value of a capital asset, as calculated for tax purposes.   

Latest revision as of 20:33, 9 August 2020

1.

A realised increase in the value of a capital asset, as when a security, commodity or any other asset is sold for more than the price at which it was purchased.


2. Tax.

The amount of the realised increase in the value of a capital asset, as calculated for tax purposes.

In the UK individuals and partnerships are liable to Capital Gains Tax on their capital gains, while companies are liable to Corporation Tax on their 'chargeable gains'.


See also