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Electronic Synthesizer - Wasting Chattel?
staffsuk
Posts: 219 Forumite
I just wondered if anyone could clarify whether an electronic synthesizer would be classed as a 'wasting chattel' when viewed for CGT? I gather all machinery is classed as wasting chattels - but what about electronic goods - are they classed as machinery? Thanks!
0
Comments
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Yes, anything with an expected life of less than 50 years is a wasting chattel. Any such consumer electronic items, TVs, computer etc are considered machines and therefore a wasting chattel.
HTH0
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