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Capital Gain

Discussion in 'Investing Glossary' started by Glossary, 26th Sep, 2006.

  1. Glossary

    Glossary Active Member

    Joined:
    12th Sep, 2006
    Posts:
    25
    Definition:

    A capital gain occurs when an asset is sold or otherwise disposed of for a return greater than the purchase price (minus all purchase costs). In many (but not all) cases, there will be tax payable on some (or all) of this gain.

    There are specific processes for calculating the capital gain on an asset sale, refer to the ATO for more details.

    Also known as:
    • CG

    See also:
     
    Last edited by a moderator: 26th Sep, 2006