Capital Gains Tax
September 29, 2013 | | Kris Tabetando | 0 Comment
Capital gains tax or CGT is a tax on the profit realized upon the sale of a non-inventory asset that was purchased at a cost lower than the amount received in the sale. This tax rate varies in different countries and territories.
As with the sale of stocks, bonds, or real estate, when a website or domain name is sold, the capital gains tax rate is applied to the difference between the original purchase price and final sale price if it was sold at a profit.