Revenue Note for Guidance

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Revenue Note for Guidance

545 Chargeable gains

If an asset is not a chargeable asset for capital gains tax purposes, no chargeable gain can arise on its disposal. The amount of any gain arising on the disposal of an asset is computed in accordance with this Chapter, subject to the other provisions of the Capital Gains Tax Acts. All gains are chargeable gains unless otherwise provided for by those Acts.

Relevant Date: Finance Act 2021