capital-gains tax
A tax on income derived from the sale of a capital asset.
? The federal income tax on capital gains typically has a more favorable tax rate ¡ª for example, 20% for an individual and 34% for a corporation ¡ª than the otherwise applicable tax rate on ordinary income. See CAPITAL GAIN. [Cases: Internal Revenue 3230.1¨C3260. C.J.S. Internal Revenue ¡ì¡ì 127¨C145, 490¨C491.]
How would a bilingual lawyer translate the term capital-gains tax into Chinese?
About LegalLingo
LegalLingo, a Shanghai-based translation agency, is a recognized leader in comprehensive legal language solutions for the legal industry. We provide the world’s leading law firms and corporate legal teams with a full suite of services, ranging from the translation of contracts and compliance documentation to full-scale multilingual litigation requiring certified translation and Chinese document review. We deliver customized legal document translation solutions based on your case’s size and budget requirements, utilizing industry-leading technology to ensure accuracy, lower costs and faster turnaround times.
