Changes to capital gains tax announced in Jeremy Hunt’s recent Autumn Statement will see the average landlord pay as much as £1,764 more if they do decide to exit the buy-to-let sector next year.
Lettings agency Benham and Reeves analysed the capital gains seen on a buy-to-let investment across each county of England over the last nine years – the average length of time a landlord owns their portfolio – as well as the current tax payable if they exit at both the basic and higher rate of tax, as well as how this differs to what they will pay once changes to the capital gains tax allowance come into force from next year.