Business terms and jargon explained. Your business dictionary
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.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.