CG11710 - 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.