chargeable interest
For the purposes of stamp duty land tax, an estate, interest, right or power in or over land in the UK; or the benefit of an obligation, restriction or condition affecting the value of any such estate, interest, right or power other than an exempt interest (section 48, Finance Act 2003).

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • charge·able — /ˈʧɑɚʤəbəl/ adj 1 : able to be charged The business lunch was chargeable to the company. chargeable interest 2 : able to be treated as a crime an act chargeable under federal law a …   Useful english dictionary

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