capital gains tax
US /ˈkæpɪtl ɡeɪnz tæks/
UK /ˈkæpɪtl ɡeɪnz tæks/
1.
a tax levied on profit from the sale of property or of an investment.
:
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He had to pay a significant amount of capital gains tax after selling his shares.
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Understanding capital gains tax is crucial for investors.