What this puzzle's circled letters are with respect to the surrounding shaded squares? (7,5)
I believe the answer is:
capital gains
(Other definitions for capital gains that I've seen before include "Profits from the sale of assets" , "target of 17, 8 [CHANCELLORS STATEMENT] - with 6a" , "post-war Honolulu and Juneau for US?" , "Profits from investment sales" , "must happen when money flows into London" .)