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chargeable asset

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chargeable asset
n
(Economics, Accounting & Finance / Accounting & Book-keeping) 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


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iii) SDLT Charge III - There is also some uncertainty as to whether sukuk certificate holders would be liable to SDLT, as the certificate will evidence their interest in an underlying chargeable asset.
It is a chargeable asset for Capital Gains Tax purposes but should qualify for Business Taper Relief.
 
 
 
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