Capital Gains change driving landlords out
The number of landlords selling up is at a 13-year high following the government’s move to cut Capital Gains Allowance.
The number of landlords selling up is at a 13-year high following the government’s move to cut Capital Gains Allowance.
The upcoming change to Capital Gains Tax will cost landlords £2,600 more for every property they sell, estate agency Hamptons has calculated.
Britain’s property investors could be in the firing line in the upcoming Autumn Statement, as the government considers upping Capital Gains Tax for those passing on homes.
The government is considering giving landlords a capital gains tax break to encourage them to sell second homes, according to reports.
There are six property taxes you need to be wary about in the coming year, from VAT to capital gains tax.
This is applies to UK and non-UK residents who sell property, while the change has immediately come into effect.
Zoe Gibbons is a tax specialist and partner at Perrys Chartered Accountants In 2018, it was estimated that the total net wealth of private…
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