Chargeable asset


noun
any asset that can give rise to assessment for capital gains tax on its disposal. Exempt assets include principal private residences, cars, investments held in a personal equity plan, and government securities

Read Also:

  • Chargeable transfer

    noun a transfer of value made as a gift during a person’s lifetime that is not covered by a specific exemption and therefore gives rise to liability under inheritance tax

  • Chargeback

    Banking. a debit to a depositor’s account for an item that has been previously credited, as for a returned bad check. noun the return of funds by a seller to a buyer’s debit or credit card account noun in banking, a debit to a depositor’s account for an item that has been previously credited, as […]

  • Charged

    intense; impassioned: an emotionally charged speech. fraught with emotion: the charged atmosphere of the room. capable of producing violent emotion, arousing controversy, etc.: the highly charged issue of birth control. Electricity. pertaining to a particle, body, or system possessing a net amount of positive or negative electric charge. to impose or ask as a price […]

  • Charged-particle

    See at charged (def 4).

  • Chargeless

    to impose or ask as a price or fee: That store charges $25 for leather gloves. to impose on or ask of (someone) a price or fee: He didn’t charge me for it. to defer payment for (a purchase) until a bill is rendered by the creditor: The store let me charge the coat. to […]


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