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.
Author: Kris Tabetando
Kris Tabetando provides mergers & acquisitions (M&A) advisory and brokerage services to Internet companies. He also partners with investors to acquire & manage Internet businesses.
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