On a part disposal of tangible movable property (ie a chattel), the allowable expenditure is apportioned in the same way as for other part disposals (see C2.402).
In a case where the part disposal consists of the disposal of a right over or interest in the asset, the £6,000 exemption (see C3.1811), marginal relief (see C3.1811) and restriction on allowable losses (see C1.509) are subject to special rules.
Exemption and marginal relief
The exemption for disposals of chattels where the gross consideration does not exceed £6,000 is applied by adding the market value of the remaining asset to the consideration for disposal1.
Where the sum of the two figures exceeds £6,000, the marginal relief is calculated
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