Capital Gains Tax on personal possessions

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Possessions with a limited lifespan

You don바카라 사이트檛 have to pay Capital Gains Tax on personal possessions with a lifespan of less than 50 years. This covers all machinery, and includes things like antique clocks or watches.

Different rules apply if you바카라 사이트檝e used the possession for business. You don바카라 사이트檛 have to pay Capital Gains Tax if it doesn바카라 사이트檛 qualify for capital allowances. If it qualifies, you may need to pay Capital Gains Tax, but you can바카라 사이트檛 claim losses.

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