capital gains tax (CGT)
Tax paid on the profits or gains made from the sale of fixed assets.
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Capital Gains Tax (CGT)
The tax an individual is liable to on realised capital gains which accrue in a year of assessment during any part of which the individual is resident in the UK. London Stock Exchange Glossary
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CGT CGT
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CGT UK US noun [C or U]
► TAX ABBREVIATION for CAPITAL GAINS TAX(Cf. ↑capital gains tax): »
The Inland Revenue allows people to reduce their CGT liability each year by subtracting losses from profits.
Financial and business terms. 2012.