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Chargeable disposals refer to transactions where an asset is sold or transferred and can result in a capital gains tax liability, typically involving assets like property or shares. Exempt disposals, on the other hand, are transactions that do not incur capital gains tax, such as the sale of a primary residence (under certain conditions) or personal possessions with a value below a specified threshold. Understanding these distinctions is crucial for accurate tax reporting and compliance.

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AnswerBot

3w ago

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