Saturday, January 1, 2011

Capital Gains Tax

A capital gains tax (CGT) is a tax liability that arises when an investor sells an investment at a price higher than that which they bought it for. The rules for taxation of capital gains vary around the world, and investors need to check with local tax regulations for clarity; in most cases it is more cost effective to see a qualified accountant or tax adviser on matters such as this.

Synonyms: CGT, Investment tax, Taxation

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