1 definition found for this term.
Definitions are presented in the order source books were published (most recent first).
Income Tax Law, 2/e$75.00 – $120.00
An increase in the money value of a capital asset, such as a share, bond, parcel of land, antique, or other asset, which results in a profit if the asset is sold. For example, if a share is bought at $26 and sold at $30, there is a capital gain of $4. The taxable capital gain is three-quarters of this amount, or $3.