What is the capital gains tax?

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asked Oct 2, 2018 204k views

1 Answer

Ahmad Moghazi · Answer 1 · 2018-10-06T03:34:44+0000

A capital gains tax is the tax levied when an investor sells a capital asset for more than the original purchase price. While the asset is held by the investor, no tax is charged as it only applies when the asset is sold.

What is the capital gains tax?

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