chargeable Hear it!

chargeable Definition

charge·able (c̸här′jə bəl)

adjective

  1. that can be, or is liable to be, charged
  2. that may become a public charge

chargeable Synonyms

chargeable

modif.

liable, answerable, imputable; see responsible 1.

chargeable Usage Examples

Preposition: on

  • trustee: This means that gains arising on disposal of scheme assets are chargeable on the trustees.
  • profit: Corporation tax The tax chargeable on the profits of a UK company.
  • basis: In practice the IR may reduce the amount chargeable on the remittance basis to £ 850.
  • supply: VAT VAT is a tax chargeable on taxable supplies made in the UK by taxable persons.
  • order: VAT is chargeable on all orders to the UK and European Union.

Preposition: against

debtor: This section specifies when the expenses of an attachment chargeable against the debtor may be recovered otherwise than from the proceeds of auction.

Modifies a noun

  • gain: Hence a chargeable gain may be reduced by up to 75 % , leaving only 25 % in charge to CGT.
  • consideration: Presumably, these boxes require completion only where there is chargeable consideration which must be brought into account for tax.
  • transfer: Aggregate chargeable transfer The total amount on which inheritance tax is charged.
  • period: The initial allowance can be claimed for the chargeable period in which the expenditure is incurred.
  • profit: All distributions that can not be matched against the taxable profits will be carried forward automatically and absorbed against future chargeable profits.
  • asset: PE is a chargeable asset for capital gains purposes.

Modifying Another Word

  • properly: These are the expenses of the operation of the trust as a whole, and so properly chargeable to capital.
  • immediately: Such trusts will now be immediately chargeable to inheritance tax.
  • not: In addition you could consider making regular gifts out of income which are not chargeable to IHT.

Preposition: at

  • rate: VAT is chargeable at the current rate on all accounts.
  • %: All prices are subject to UK VAT chargeable at 17.5 %.

Used with adjective complement

remain: Where relief is claimed on part of the property, the amount remaining chargeable must be shown.

Preposition: by

virtue: The duties affected are all chargeable by virtue of the Hydrocarbon Oil Duties Act 1979 ( c. 5 ).