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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
, see all updates

Chargeable assets: exemptions and reliefs

Some assets can be disposed of without a capital gains charge, see CG12600+.For example

  • private motor vehicles
  • an individual’s only or main residence (having gardens or grounds of half a hectare or less) which has been occupied as such throughout the period of ownership
  • tangible moveable property, that is chattels such as household goods and personal effects, worth less than £6,000
  • chattels with a predictable life of 50 years or less (unless used for the purposes of a trade, profession or vocation)
  • SAYE (Save-as-you-earn) contracts, National Savings Certificates, Premium Bonds, British Government Securities, qualifying corporate bonds
  • certain investments in Personal Equity Plans, Individual Savings Accounts and under the Business Expansion Scheme
  • the receipt of personal injury compensation
  • the receipt of winnings from betting, including pool betting, or lotteries or games with prizes.