Capital gain

From ACT Wiki
Revision as of 20:33, 9 August 2020 by Doug Williamson (Talk | contribs) (Layout.)

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

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