gain derived from capital
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 278 U.S. 470 - Taft v. Bowers · 1929Most cited · 234 citing opinions
not a gain accruing to capital, nor a growth or increment of value in the investment, but a gain, a profit, something of exchangeable value proceeding from the property, severed from the capital however invested, and coming in, that is, received or drawn by the claimant for his separate use, benefit and disposal