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English definition of “taxable”

taxable

adjective     /ˈtæksəbl/ FINANCE, TAX
taxable earnings , goods , assets , etc. require a particular amount of their value to be paid to the government : The report shows taxable sales dropped nearly 10%.taxable as sth Distributions from short-term capital gains are generally taxable as ordinary income .taxable to sb Dividends generally are taxable to shareholders at the time they are paid . The sale of shares of the Fund is a taxable event and may result in a capital gain or loss . Her house has a taxable value of $53,777. taxable capital / earnings / investments taxable accounts / assets / dividends
taxability noun [U]
(Definition of taxable adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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