C · Glossary
Chattel
A movable personal asset (jewellery, art, antiques) — under £6,000 disposal exempt from CGT.
A chattel is tangible movable property — jewellery, art, antiques, watches. Disposals of chattels worth £6,000 or less per item are exempt from Capital Gains Tax.
Above £6,000, the gain is calculated on the excess over £6,000 (with marginal relief). Wasting chattels (with a useful life under 50 years) are mostly CGT-exempt.
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