Meaning of CGT | Babel Free

Definitions

Initialism of capital gains tax.

abbreviation, alt-of, initialism, uncountable

Examples

“Is capital gains tax (CGT) going to rise dramatically as the government attempts to claw back the cost of extra spending during the coronavirus pandemic? […] CGT is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value. It’s only the gain that is taxed.”

CEFR level