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Sam, Accountant
Category: Tax
Satisfied Customers: 7520
Experience:  26 HMRC expertise, PAYE, Self Assessment ,Residency, Rental Income, Capital Gains, CIS ask for Sam Tax
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What is a chargeable event is it the same as a capital gai

Customer Question

what is a chargeable event is it the same as a capital gains
Submitted: 2 years ago.
Category: Tax
Expert:  Sam replied 2 years ago.
Hi Thanks for your question - I am Sam and I am one of the UK tax experts here on Just Answer. No - a capital gain usually relates to the sale of an asset or shares on which a profit has been made and the profit is charged capital gains tax, where a chargeable event usually relates to an investment pay out - on which income tax is charged. If you could advsie further I could confirm the position Thanks Sam