A gain accruing on the disposal of an asset which is tangible movable property is not chargeable if the consideration for the disposal does not exceed £6,0001. Where the consideration exceeds £6,000 there is excluded from any chargeable gain so much of it as exceeds five-thirds of the difference between the amount of the consideration and £6,0002. Any allowable loss accruing on the disposal of an asset which is a tangible movable property where the consideration is less than £6,000 is computed on the basis that the consideration for the disposal is £6,0003.
A special rule applies where two or
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