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HMRC internal manual

Trusts, Settlements and Estates Manual

From
HM Revenue & Customs
Updated
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Legal background to trusts & estates: the law in England & Wales - chattels

Personal property consists of chattels real and chattels personal

Chattels real

Leasehold is an example of chattels real. Chattels real are transferred by assignment.

Chattels personal

There are two groups of chattels personal

  • choses in possession
  • choses in action.

TSEM6016 has details of choses in possession and choses in action.