capital gain

(redirected from Chargeable gains)
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  • noun

Words related to capital gain

the amount by which the selling price of an asset exceeds the purchase price

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References in periodicals archive ?
include: group relief, group chargeable gains and losses, group tax payments, consortium arrangements, transfers of ' assets within a group and transfers of trades within a group.
Principal Provisions Relating To Taxation Of Chargeable Gains.
Here, the donor and donee jointly elect to hold over any chargeable gains accrued during the donor's period of ownership, resulting in no tax payable until they themselves dispose of the asset.
You will be able to register the loss as relating to the period before the start of self assessment, ready for use against your current year gain, assuming that no chargeable gains have been made since.
The tax relief is the same as for VCTs, except that the top investment allowed is 150,000 [pounds sterling] and any capital loss, after deducting EIS income tax relief, may be set against chargeable gains or taxable income at the election of the investor.
A further complexity is that where disposal of an asset results in a loss for CGT, that loss can reduce any chargeable gains made in the same tax year.
As David's taxable income and chargeable gains are less than pounds 37,400 he will be no worse off, because the 18 per cent CGT rate remains unchanged for basic rate taxpayer.
Part 18 Payments In Respect Of Professional Services By Certain Persons And Payments To Subcontractors In Certain Industries Part 19 Principal Provisions Relating To Taxation Of Chargeable Gains.
Planning for a downturn in business will often involve disposals of valuable business assets to raise cash and this may crystallise large chargeable gains.
Companies or groups that meet the UK REIT eligibility criteria will not pay corporation tax on rental income or capital gains tax on chargeable gains.
Put simply, pounds 9,600 (for 2008/09) of chargeable gains are in effect tax free every tax year for every UK resident individual, apart from individuals who are UK resident but not domiciled and claiming the remittance basis.
The annual exemption is the only exemption available to you before calculating any tax you will have to pay on chargeable gains.
It added REIT legislation would enable it to be "genuinely active" in managing its portfolio, with any strategic disposals free from any tax on chargeable gains.
The only occasion a loss on a bond might have some tax advantage is when there have been previous chargeable gains on the same bond.