What does Capital Gains Tax mean?

This is a tax that is imposed on the profits that are realized when an asset is sold for more than its purchase price. Capital gains tax is generally levied on investments such as stocks, bonds, and real estate, and the tax rate may vary depending on the length of time that the asset was held and the individual's tax bracket.

Related Terms

Estimated Total Costs of Renting Two- To Four-Family Property Grantee Agreement of Sale Disability Insurance Certificate of Deposit Index Loan-To-Value-Ratio (LTV) Variable Rate Corrective Work Split-Level Style Design/Build Common-Area Assessments Townhouse Comparative market analysis Walk-Through Conveyance Tax Verification of Employment Closing Disclosure (CD - formerly HUD-1)