Capital Gains
Taxable profit from sale of assets, potentially affecting property division and transfer timing decisions.
Example
They structured the property settlement to minimize capital gains tax liability.
Canadian Equivalent
In Canada, this is referred to as Capital Gains (note: Canada taxes 50% of capital gains; rollover provisions available for spousal transfers).
Related Terms
tax-consequences-of-divorcetransfer-incident-to-divorceproperty-settlement