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1st June 2019

Are changes a relief to buy-to-let landlords?

CAPITAL Gains Tax (CGT) on the sale of second properties is applied to gains over £12,000, the annual tax-free limit. CGT is applied at 18 per cent if you are a basic rate taxpayer or 28 per cent for higher or additional rate taxpayers. These taxes should remain the same, however there are changes coming in April 2020 which may change your plans for your second home(s).

 

Exemption period reduction from 18 to nine months