What Does CGT Stand For?

CGT stands for Capital Gains Tax

Capital Gains Tax (CGT) is a tax levied on the profit gained from the sale of an asset, such as stocks, real estate, or other investments. The tax is applicable only to the increase in value realized upon the sale, not on the total sale price. CGT rates may vary based on factors such as the holding period of the asset and the taxpayer's income level. This tax is an important consideration for investors and individuals involved in asset transactions, as it impacts overall investment returns and financial planning.