Capital Gains Tax changes coming into force

From the start of the new tax year (April 6th) Landlords will only be able to claim lettings relief if they share the property with their Tenant. Currently if you sell a residential property which used to be your private residence (and have subsequently rented it out), it is possible to deduct lettings relief up to a value of £40,000 from any capital gain.

Another small but important change is that capital gains tax (CGT) generated from the sale of a rental property will now need to be paid within 30 days of completion rather than in your next annual tax return. It is vital that Landlords and investors are aware of this adjustment to ensure that they do not fall foul of the law.

Latest Posts

Common myths about Estate agents and the truth

We’re more than aware that Estate Agents come in for some stick. So in todays post we thought we would...

How To Sell Your Property With No Hassle

We know that selling your property is said to be a stressful process, but it doesn’t have to be. Here are...

5 Reasons To Smile If You’re Marketing Your Property This Month

Whether our property is currently on the market or you’re thinking of selling, we’ve come up with 5 reasons to...