Capital gains tax

A capital gains tax is a tax on the profit realized on the sale of a non-inventory asset. The most common capital gains are seen from the sale of stocks, bonds, precious metals, real estate, and property.

Not all countries have a capital gains tax and most have different rates of taxation. Countries that do not impose a capital gains tax include Bahrain, Barbados, Belize, Cayman Islands, Isle of Man,^[1] Jamaica,^[2] New Zealand, Sri Lanka, Singapore, and others.

In some countries, such as New Zealand and Singapore, professional traders and those who trade frequently are taxed on such profits as a business income.

In the United Kingdom people paid £16.7 billion in capital gains tax in 2021-22.^[3]

This short article can be made longer. You can help Wikipedia by adding to it.