Capital Gain Tax: An Overview of Its Nature and Purpose

1 min read

Capital gains tax is a tax imposed by many countries on gains from the sale of assets, such as stocks, bonds, futures, forex, and other forms of capital investments. Capital gains tax is typically calculated using a formula that takes into account the gains and losses that occurred in a particular period. For example, a taxpayer may need to calculate capital gains tax if they sold a currency position for a profit. Capital gains tax is usually calculated according to the rules and regulations of the country where the tax is imposed.