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HMRC internal manual

Capital Gains Manual

Chattels: exempt and chargeable gains: disposal consideration


There is no chargeable gain on the disposal of a single chattel if the gross consideration does not exceed £6,000.

Where the consideration exceeds £6,000 the chargeable gain may be restricted, see CG76577.

In any case where you have to use the market value of the asset rather than any actual consideration, you compare the £6,000 limit with that market value.

There are special rules where a chattel was owned by more than one person. You compare each person’s share of the disposal consideration with their own separate limit. CG76611 shows you an example of this.

CG14530+ tell you more about cases where you have to use the market value.

There are special rules which may apply where a number of similar chattels are disposed of. CG76631+ tell you about these.

The £6,000 limit applies to disposals which took place on or after 6 April 1989. Lower limits applied in earlier years. For disposals between 6 April 1982 and 5 April 1989, the limit was £3,000. If you need to find out the limits which applied before 6 April 1982, you should refer to old CG3601.