Working out the value of chattels
When you buy a property, you need to work out the value of your chattels so you can
make a claim for depreciation.
If you have a registered valuation, use the total value of all the chattels and apportion
this amongst them on a market value basis.
If you don’t have a registered valuation, use the market value of each chattel as its
opening tax value on which to claim depreciation. You can find out these market
values from secondhand dealers or from classified advertisements for similar items of
the same age and condition.