Capital Gains Tax 02 - Did you dispose of chargeable assets worth more than £49,200?

If you disposed of chargeable assets worth more than £49,200 choose 'Yes', otherwise, choose 'No'.

You must fill in the capital gains pages and attach your computations if in the tax year you disposed of chargeable assets which were worth more than £49,200.

In working out if the assets you disposed of were worth more than £49,200 use the market value of any assets you gave away or sold for less than full value and ignore the following:

• disposals of exempt assets such as:
  • private cars
  • personal possessions (chattels) worth up to £6,000 each, such as jewellery, paintings or antiques
  • shares held within Personal Equity Plans
  • Individual Savings Accounts
• disposals of your own home, where:
  • it has been your only home during your ownership and was not used for any other purposes, for example, in your business
  • the house has been used as your home throughout your ownership, but you can ignore the last 18 months of ownership
  • the garden and grounds disposed of, at the same time, did not exceed half a hectare
  • disposals of assets to your spouse or civil partner, if you were living together at some time during the year