2 min read
Definition
A chargeable gain is the taxable profit a company makes when it disposes of an asset for more than its cost, after allowable deductions. For companies, chargeable gains are included in profits and taxed within corporation tax.
In plain terms
Sell a company asset — property, an investment — for a gain, and the taxable part is the chargeable gain. It rolls into your corporation-tax computation rather than being taxed separately.
Why it matters for your company
Chargeable gains can add materially to a tax bill when a company sells premises or investments. Reliefs and the timing of disposal affect the charge, so plan significant asset sales alongside your corporation tax position.
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