Capital gain: Difference between revisions
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#A rrealised increase in the value of a capital asset, as when a security or commodity is sold for more than the price at which it was purchased. | |||
A | #''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'. | ||
Revision as of 21:08, 28 April 2016
- A rrealised increase in the value of a capital asset, as when a security or commodity is sold for more than the price at which it was purchased.
- 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'.
