The following exemptions apply to specific chattels.
A mechanically propelled road vehicle constructed or adapted for the carriage of passengers is not a chargeable asset unless it is of a type not commonly used as a private vehicle and is unsuitable to be so used1.
A gain accruing on the disposal by an individual of currency of any description acquired by him for the personal expenditure
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234