capital gains tax


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.

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

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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.

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