Landlords who intend to sell their properties this year are being urged to act quickly ahead of the Capital Gains Tax allowance change announced in the Autumn Statement.
Chancellor Jeremy Hunt announced that the current allowance of £12,300 is being halved to £6,000 from April 2023 and then cut again to £3,000 from April 2024. That could mean an increased tax bill for many landlords planning to sell this year.