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Posted Tue, 22 Oct 2024 14:37:05 GMT by PRPitstop
Hi. I am selling possessions that were gifted to me by my grandparents 20 years ago. All together they are worth approximately £30,000. I have been told by the jewellers/pawn brokers that it’s chattel and there is no CGT for those items sold for less than £6000. Is that correct? If so, does that apply as £6000 per sale or per financial year? Does the chattels CGT £6000 exemption apply to the following: Jewellery Gold bars Old Watches Antique China sets Silver Dinner sets Cheers
Posted Tue, 05 Nov 2024 11:03:40 GMT by PRPitstop
Hi thanks, I looked at the guidance but still have a couple more questions: 1. Does the Chattel £6000 CGT exemption apply per sale or per financial year? 2. Are the following considered chattel: (a)Silver Dinner set and (b) Gold bar (small 1oz). These did not fit with any examples given in the guidance.
Posted Thu, 21 Nov 2024 08:23:54 GMT by HMRC Admin 20 Response
Hi,
A chattel is defined as anything which is tangible moveable property.  
Please have a look at CG76550 onwards (CG76550 - Chattels: introduction) for more information.  
There is no chargeable gain on the disposal of a single chattel (tangible moveable property) if the gross consideration does not exceed £6,000.
Thank you.

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