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To ask Her Majesty's Government what is the current level of exemption for capital gains tax on chattels under section 262 of the Taxation of Chargeable Gains Act 1992; when this was last changed; and what it would be if up-rated from (a) that date, and (b) since capital gains tax was introduced in 1965, to take account of inflation.
Under Section 262 of the Taxation of Chargeable Gains Act 1992, gains are exempt if the proceeds from disposing of a chattel are £6,000 or less.
The limit was increased to £6,000 for any disposals on or after
The exemption limit when capital gains tax was introduced from