capital gains tax

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capital gains tax

a tax charged on gains of a capital nature. More specifically, the charge to capital gains tax is on chargeable gains; these are gains accruing from the chargeable disposal of chargeable assets by chargeable persons. It follows from this that some disposals are chargeable disposals while others (such as a disposal on death by a testator to his executors) are not; likewise, some assets are chargeable and others are not (e.g. cash), and some persons are chargeable persons and others not (e.g. charitable trustees). Chargeable gains made by companies otherwise than in a fiduciary capacity are charged to corporation tax rather than capital gains tax. The current law has been consolidated into the Taxation of Chargeable Gains Act 1992.
References in periodicals archive ?
Their tendency is to see the matter ideologically, viewing CGT as a cash cow with which to beat the rich and produce monies needed for the creation of a fairer society.
Among the 69 patients with complicated grief who completed 16 sessions of psychotherapy, the clinical response rate was 51% in the CGT group, compared with 28% in patients randomized to interpersonal psychotherapy.
Catapult Therapy TCR Ltd is a special purpose company set up by CGT Catapult, UCL Business and Imperial Innovations, and managed by CGT Catapult, for the development of the WT1 T cell receptor cell therapy discovered through research at University College London and Imperial College London.
CGT activists also disrupted a pre-championship publicity event at Paris's Gare du Nord train station.
As millions of foreign visitors and football fans prepared for the month-long tournament that kicks off on Friday evening, CGT activists also disrupted a pre-championship publicity event at Paris's Gare du Nord train station.
Some cite the example of Mauritius, one of Kenya's main rivals in this endeavour, which deliberately avoided imposing CGT on shares.
In addition, the company has committed to an extended period of rate stability for current CGT customers.
There are a number of different rates: 18 per cent of the gain for lower rate tax payers, 20 per cent if the property is rented and held in a corporate wrapper and 28 per cent for higher rate tax payers and people who have paid ATED CGT since 2013.
The CGT cited international facts and figures related to the 3% ruling class monopolizing and pocketing up to 48 % of national revenues; they amount to a total of 2940 families only and, need to be taxed rather than letting the destitute and the poor pay for the economic crisis.
In addition to the exemption on our homes, each of us has an annual personal CGT exemption.
The CGT, which represents around a quarter of the refining workers at Total's French refineries, remained on strike for a fourth day.