Capital gain: Difference between revisions
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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'. | 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'. | |||
Revision as of 13:45, 11 July 2018
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'.
