Changes to the tax thresholds for second homeowners selling their property may leave landlords wondering if they should sell up before April 2023? Alex Witham offers some advice for anyone who’s in two minds about what to do with their property
The Autumn Statement delivered a blow for private landlords wishing to sell property by reducing the threshold for Capital Gains Tax (CGT).
Chancellor Jeremy Hunt announced that the CGT threshold, which currently stands at £12,300, will go down to £6,000 from 6 April 2023 and to £3,000 from 6 April 2024.