Chargeable Gain

The British sure like to come up with different terms just to throw people off.

You might say that the “band is great.” And they’ll say, “the team is playing tonight.”

Sure, that makes sense.

In finance, it’s no different. Let’s say that you buy something for $20, and turn around and sell it six months later for $40. Instead of calling the $20 that you made “capital gains,” the British call that $20 a “chargeable gain.” Those gains are subject to capital gains taxes.

It’s the amount of money you made from the time you purchased it to the time you sold it. Cheerio.