Capital gain: Difference between revisions
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1. | 1. | ||
A realised increase in the value of a capital asset, as when a security or | |||
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. | 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'. | 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 == | == See also == | ||
* [[Capital | * [[Capital]] | ||
* [[Capital | * [[Capital Gains Tax]] | ||
* [[Chargeable gain]] | * [[Chargeable gain]] | ||
* [[Rebasing]] | * [[Rebasing]] | ||
[[Category: | [[Category:Accounting,_tax_and_regulation]] | ||
Latest revision as of 14:05, 28 April 2022
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'.
