chargeable adj
1 charged or liable to be charged
2 liable to result in a legal charge
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chargeableness, chargeability n
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chargeably adv
chargeable asset n
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
chargeable transfer n
a transfer of value made as a gift during a person's lifetime that is not covered by a specific exemption and therefore gives rise to liability under inheritance tax