Definition
Capital Gains are the profits from the sale of an asset — shares of stock, a piece of land, a business — and are generally considered taxable income.
Frequently asked questions
What are taxable capital gains?
Capital gains are profits taxed by the government. They come from selling things like stocks or property for more than you bought them.
What does capital gain from the sale of an asset mean?
It means making money by selling something, like land or shares, for more than its purchase price.
What are capital assets in income tax?
In tax terms, capital assets include things like your home, stocks, or bonds. When you sell these, the profit is a capital gain.