A capital gains tax is a tax on the profit realized on the sale of a non-inventory asset. The most common capital gains are seen from the sale of stocks, bonds, precious metals, real estate, and property.
Not all countries have a capital gains tax and most have different rates of taxation. Countries that do not impose a capital gains tax include Bahrain, Barbados, Belize, Cayman Islands, Isle of Man,[1] Jamaica,[2] New Zealand, Sri Lanka, Singapore, and others.
In some countries, such as New Zealand and Singapore, professional traders and those who trade frequently are taxed on such profits as a business income.
In the United Kingdom people paid £16.7 billion in capital gains tax in 2021-22.[3]
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