Free tools
Chattels CGT calculator
Sold a watch, a card, a painting or a bag for £6,000 or more? See whether Capital Gains Tax is due, and how much.
- Country
- United Kingdom
- Tax-free under
- £6,000 an item
- Rules checked
- 3 Nov 2026
- Price
- Free, no sign-up
Capital Gains Tax
£80.00
Your actual gain is £5,000.00, but the 5/3 rule caps it at £3,333.33 because you sold for under £15,000.
- Gain (or loss)
- £3,333.33
- Annual allowance left
- £3,000.00
- Taxable gain
- £333.33
- Tax at 24%
- £80.00
2026/27 rules: £3,000 annual allowance, 18% or 24%. A basic-rate taxpayer pays 24% on the part of the gain that takes them above the basic rate band. Personal possessions only, not tax advice. Official rules: GOV.UK.
Retailed keeps what you paid for every item, so the numbers are ready at tax time.
Start freeDo I pay Capital Gains Tax on items I sell for under £6,000?
No. A personal possession sold for less than £6,000 is exempt. Parts of a set sold to the same person count together; sold to different people, each part is tested on its own.
Do I pay Capital Gains Tax when I sell a watch?
Usually not. GOV.UK treats machinery, including clocks and watches, as having a lifespan under 50 years, and those possessions are exempt unless you used them in a business.
What is the 5/3 rule for chattels?
If you sell a possession for between £6,000 and £15,000, the taxable gain cannot be more than 5/3 of the amount above £6,000. GOV.UK says to multiply by 1.667 and use the lower of that figure and your actual gain.
I resell regularly. Is this the right calculation?
No. If you buy items to sell at a profit, HMRC may see you as trading, and your profit is taxed as income instead. Use the reseller tax calculator for that case.
Every item, its cost and its sale
Retailed tracks what you paid, what you sold for and the fees, item by item.