chargeable asset

chargeable asset

n
(Accounting & Book-keeping) any asset that can give rise to assessment for capital gains tax on its disposal. Exempt assets include principal private residences, cars, investments held in a personal equity plan, and government securities
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
iii) SDLT Charge III - There is also some uncertainty as to whether sukuk certificate holders would be liable to SDLT, as the certificate will evidence their interest in an underlying chargeable asset.
UK: A growing market for corporate sukuk?
This is true if it is a gift of cash but if it's a gift of a chargeable asset, such as a property or shares, there is a charge to CGT.
CASE STUDY: Q&A YOUR QUESTIONS ANSWERED
It is a chargeable asset for Capital Gains Tax purposes but should qualify for Business Taper Relief.
Value added; Keeping the tax man sweet is a matter of common sense and careful planning as expert Bruce Wilson explains
You made profits from selling things like shares, a second home or other chargeable assets and need to payCapital Gains Tax
Largest tax burden for at LEAST 23 years - why honest Brits are worse off than "mediaeval serfs" and what you can do; The amount of tax we pay has risen to new highs - meaning more of our money goes to the Treasury than at any time since reliable records began 23 years ago
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