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    Waht are capital gains?

    0  Views: 1696 Answers: 2 Posted: 12 years ago

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    Capital gain is the amount of money you make on a investment be it  real estate, car, art, any object that you get more at sale than you originaly paid..


    Example You buy a house for $500,000  you sell it for $600,000 after spending $ 20,000 renovating plus $ 5,000 in auction charges plus advertising your selling the house.


    You sold for $100,000 more than you paid BUT you expended a further $25,000 in renovations and costs of sale. Capital GAIN is $ 75,000 ie: $100k less $25k

    A Capital gain is what the government gained from investment in assets such as real estates and bonds. 



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