Chargeable gain: Difference between revisions
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imported>Doug Williamson m (Comma added after UK) |
imported>Doug Williamson (Updated entry. Source ACT Glossary of terms) |
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The amount of the realised increase in the value of a capital asset, as calculated for Corporation Tax purposes. | 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 == | == See also == | ||
* [[Capital gain]] | * [[Capital gain]] | ||
* [[Chargeable gain]] | |||
* [[Corporation Tax]] | * [[Corporation Tax]] | ||
* [[Taxable profits]] | |||
* [[Taxable trading profits]] | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Revision as of 12:25, 19 November 2014
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'.
