Chargeable gain

UK Corporation tax.

The amount of the realised increase in the value of a capital asset, as calculated for Corporation Tax purposes.

In the UK, individuals and partnerships are liable to Capital Gains Tax on their capital gains, while companies are liable to Corporation Tax on their 'chargeable gains'.

See also

• Capital gain
• Chargeable gains group
• Corporation Tax
• Taxable profits
• Taxable trading profits