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The World Law Dictionary Project

English may be the common language of the world, but the Common Law is not the common law of the world

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e.g. principle, consideration, jurisdiction
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capital gains tax noun


a tax levied (=imposed by a government or organization) on profit from the sale of property or an investment
The 1997 tax law excludes from capital gains tax the first $500,000 of profit that a couple makes on the sale of their home.

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jurisdiction consideration principal

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