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Home / Simons-Taxes /Capital gains tax /Part C1 Capital gains /Division C1.5 Capital losses /Capital losses / C1.509 Capital losses—chattels sold for £6,000 or less
Commentary

C1.509 Capital losses—chattels sold for £6,000 or less

Capital gains tax

For a gain or loss to be within the scope of tax on chargeable gains, there must be a chargeable disposal of a chargeable asset by a chargeable person. See C1.104, C1.103 and C1.102 respectively.

Individuals, trustees and personal representatives are subject to capital gains tax on chargeable gains. Companies are subject to corporation tax on chargeable gains. See C1.102.

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