29/05/2026
Did you know that selling personal items could have capital gains tax implications for farming families?
Associate, Julie Rose, recently worked with Farmers Weekly to explain what farmers need to know about CGT rules on personal possessions - from vintage machinery finds to inherited valuables.
Follow the link below to read more ⬇️
https://www.fwi.co.uk/business/business-management/tax/cgt-rules-on-personal-items-what-farmers-need-to-know?fbclid=IwVERDUASFO1lleHRuA2FlbQIxMQBzcnRjBmFwcF9pZAo2NjI4NTY4Mzc5AAEefyzq3tu3XVSFyd2VchLKJveRqerBx-n7pqHqH1Gdrssfp0I2l-EPJAc7NDc_aem_so6cc4F1jw3q9PGX4FtHNQ
Many farmers may not know that personal items, known as chattels, sold for less than £6,000 do not attract capital gains tax (CGT). In addition, the sale