Capital Gains Tax

Business / Accounting / Capital Gains Tax: When a fixed asset is sold at a profit, the profit may be liable to a tax called Capital Gains Tax. Calculating the tax can be a complicated affair (capital gains allowances, adjustments for inflation and different computations depending on the age of the asset are all considerations you will need to take on board).

Other Words for Capital

Capital Noun Synonyms: head, top, crown, cap
Capital Adjective Synonyms: chief, main, major, important, cardinal, central, principal, prime, primary, paramount, pre-eminent, foremost, leading
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Other Words for Tax

Tax Adjective Synonyms: levy, impost, duty, tariff, assessment, tribute, toll, excise, customs, charge, contribution, scot, tithe, octroi, cess, rate(s), dues
Tax Noun Synonyms: assess, exact, demand, charge, impose or levy a tax (on), tithe
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Tax-Timing Option

Business / Finance / Tax-Timing Option: Legislation forming part of a larger act designed to balance the federal budget. Some of the legislation's provisions included tax credits for taxpayers supporting children, an increase in the amount MORE

Taxable Income

Business / Accounting / Taxable Income: Income subject to tax: total income adjusted for deductions, exemptions, and credits. MORE

Capital Gain

Business / Accounting / Capital Gain: The excess of the selling price over the cost basis when assets, such as securities and other personal and investment assets, are sold. MORE

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