Overview

chargeable gain


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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 chargeable assets); gains covered by other exemptions and reliefs (e.g. personal exemption from capital gains tax of £9200 for 2007–08); gains not charged in full or at all owing to the system of taper relief or indexation.

gains resulting from proceeds that are taxable under income tax;

gains from exempt assets (see chargeable assets);

gains covered by other exemptions and reliefs (e.g. personal exemption from capital gains tax of £9200 for 2007–08);

gains not charged in full or at all owing to the system of taper relief or indexation.

Subjects: Financial Institutions and Services.


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