Glossary · Investments and gains
Chargeable gain
The gain that Capital Gains Tax is charged on, after costs and reliefs.
Start from what you got for the asset, or its market value if you gave it away. Then take off what it cost and the costs of buying, improving and selling it. Indexation applies to costs paid before 2003.
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Related terms
Capital Gains Tax (CGT) · Base cost · Disposal
All terms · General information, not tax advice.