chargeable
21chargeable 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… …
22chargeable 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… …
23chargeable consideration — For the purposes of stamp duty land tax, any consideration in money or money s worth given for the subject matter of the land transaction, directly or indirectly, by the purchaser or a person connected with him (Schedule 4, Finance Act 2003).… …
24chargeable interest — For the purposes of stamp duty land tax, an estate, interest, right or power in or over land in the UK; or the benefit of an obligation, restriction or condition affecting the value of any such estate, interest, right or power other than an… …
25chargeable security — For the purposes of the Finance Act 1986: • Stocks, shares or loan capital. • Interest in, or in dividends or other rights arising out of, stocks, shares or loan capital. • Rights to allotment of or to subscribe for, options to acquire, stocks,… …
26chargeable transfer of value — England, Wales A transfer of value made by an individual that is not (by virtue of Part II of the Inheritance Tax Act 1984) an exempt transfer (exempt transfer of value). Practical Law Dictionary. Glossary of UK, US and international legal terms …
27chargeable accounting period — A company calculates its profits for its chargeable accounting period and then pays corporation tax on these profits nine months after the end of the chargeable accounting period (except for any advance corporation tax already paid). The… …
28chargeable 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… …
29chargeable transfer — Certain lifetime gifts that are transfers of value not covered by any of the exemptions and are therefore liable to inheritance tax. If such a lifetime gift is not a potentially exempt transfer, it is a chargeable transfer. If the gift is a… …
30chargeable 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… …
