what is capital gain tax

Shilpa Rani (Querist) 07 December 2008 This query is : Resolved
what is capital gain tax...please explain...

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Manish Singh (Expert) 09 December 2008
The amount by which an asset's selling price exceeds its initial purchase price. A realized capital gain is an investment that has been sold at a profit. An unrealized capital gain is an investment that hasn't been sold yet but would result in a profit if sold. Capital gain is often used to mean realized capital gain. For most investments sold at a profit, including mutual funds, bonds, options, collectibles, homes, and businesses, the IRS is owed money called capital gains tax. opposite of capital loss.

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