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Hello, why did we deduct the antique vase from the computation, I thought this would be classed as exempt due to being a chattel. is there a way to know if something is exempt or not when being an antique?
Can you please give details of the page number. Non-wasting chattels are not exempt so that can’t be the factor. Was it sold at a loss? Was it both bought and sold for less than £6000?
Not sure where you get the idea that antiques are generally exempt. Found the example you wrote about and it is clear a loss is made on item of £5000. I believe certain items such as UK war medals are exempt.Also if bought and sold for under £6000. Hope this helps.