capital gains tax

Definition

A tax assessed on profits realized from the sale of a capital asset, such as stock.

Use capital gains tax in a sentence

When Jeremy's accountant sold his stocks in Microsoft, Jeremy had to pay a capital gains tax of 5% of the sale price of the stocks.

​ Was this Helpful? YES  NO 4 people found this helpful.

Greedy Company Inc. decided to move their headquarters to the Phillipines in order to avoid paying high capital gains taxes in the United States.

​ Was this Helpful? YES  NO 3 people found this helpful.

When Jill bought the old 64 chevy for 1000 dollars at a person's house, she turned around at sold the car for 3,000 dollars online, but she had to pay Capital Gains Tax as a result.

​ Was this Helpful? YES  NO 5 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
capital gains exposure (CGE) federal agency bond