Money gained when you sell an asset (such as personal property, real estate, etc) for more than it cost.
Example: Buy a building for $1,000,000, then sell it next year for $1,200,000. The capital gain is $200,000
Money gained when you sell an asset (such as personal property, real estate, etc) for more than it cost.
Example: Buy a building for $1,000,000, then sell it next year for $1,200,000. The capital gain is $200,000