Taxation of Chargeable Gains Act 1992 section 262

Chattel exemption

Section 262 provides an exemption from capital gains tax for disposals of tangible movable property (chattels) where the disposal consideration is £6,000 or less, and marginal relief where the consideration exceeds £6,000.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.