Business Terms and Jargon Explained

What is Chargeable Asset

Is an asset that when sold at a profit (capital gains) will incur tax. Not all assets fall into this category e.g. your home if you live in it for a period of time will not be taxed when sold but your second and third property when sold will be subject to tax.

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Term created / updated 2005-07-16 23:12:15

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