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Capital Gains Tax
Capital gain tax is the branch of tax law that relate to the taxation of the increase in the value of an asset.
 
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Capital gains tax would arise if you sell (and in some instances give away) an asset and that asset has increased in value. Generally, you pay tax on the increase in value of that asset, or 'gain' (profit) on the value. Often this will not apply to a gain in value of a personal belonging, such as the increase in value of a car. This tax may arise on the sale of an asset or the death of an individua.

For example, if an individual sells ome shares that have increased in value from $200,000 to $300,000 the tax would be on the $100,000 increase rather than the $300,000 value of the shares. The theory behind this is that the individual likely paid tax on the $200,000 that went into the investment in the first place, for example, if the $200,000 came from income.

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