Listen to a Business English Dialogue About Capital gains or losses
Brooklyn: Hey Ryan, do you know what capital gains or losses are?
Ryan: Hi Brooklyn, yes, capital gains are the profits made from selling assets like stocks or real estate for more than their purchase price, while capital losses are the opposite, when assets are sold for less than their purchase price.
Brooklyn: That makes sense. So, when someone sells an investment at a higher price than they bought it for, they have a capital gain, but if they sell it for less, they have a capital loss?
Ryan: Exactly. And these gains or losses can have tax implications, as they’re typically subject to capital gains tax, which is the tax on the profit made from selling assets.
