Easyform Glossary of Law Terms. — UK law terms.
chargeable gain or loss — chargeable gain/chargeable loss Under the Taxation of Capital Gains Act 1992, a company is subject to corporation tax on capital gains at the same rate as for the remainder of its profits but the use of revenue losses to offset gains and of… … Law dictionary
chargeable gain — In the UK, that part of a capital gain arising as a result of the disposal of an asset that is subject to taxation. Non chargeable gains include: • gains resulting from proceeds that are taxable under income tax; • gains from exempt assets (see… … Accounting dictionary
chargeable gain — In the UK, that part of a capital gain arising as a result of the disposal of an asset that is subject to taxation. Non chargeable gains include: • gains resulting from proceeds that are taxable under income tax; • gains from exempt assets (see… … Big dictionary of business and management
chargeable — charge‧a‧ble [ˈtʆɑːdʒəbl ǁ ˈtʆɑːr ] adjective 1. FINANCE COMMERCE an amount of money that is chargeable can be charged and must be paid: • The Tribunal determined that the legal fees chargeable were £4078 plus VAT. 2. COMMERCE work … Financial and business terms
chargeable loss — chargeable gain/chargeable loss Under the Taxation of Capital Gains Act 1992, a company is subject to corporation tax on capital gains at the same rate as for the remainder of its profits but the use of revenue losses to offset gains and of… … Law dictionary
chargeable — [[t]tʃɑ͟ː(r)ʤəb(ə)l[/t]] 1) ADJ: usu v link ADJ If something is chargeable, you have to pay a sum of money for it. [FORMAL] The day of discharge is not chargeable if rooms are vacated by 12.00 noon. 2) ADJ If something is chargeable, you have to… … English dictionary
chargeable person — Any person resident, or ordinarily resident, in the UK during the year in which a chargeable gain assessable to capital gains tax was made as the result of that person disposing of an asset … Accounting dictionary
chargeable gains — Where an asset is a chargeable asset for the purposes of capital gains tax or corporation tax and there is a chargeable disposal of that asset, any gain made on the disposal or deemed disposal will be chargeable to tax. Related links capital… … Law dictionary
Taxation of Chargeable Gains Act 1992 — The Taxation of Chargeable Gains Act 1992 is an Act of Parliament which governs to levying of capital gains tax in the United Kingdom. Capital gains tax is a tax charged on the increase in the capital value of an asset between purchase and sale… … Wikipedia
capital gain — The gain on the disposal of an asset calculated by deducting the cost of the asset from the proceeds received on its disposal. Under capital gains tax legislation the chargeable gain may be reduced by taper relief (or by indexation if the asset… … Accounting dictionary
