Capital Gains Tax Reform

Treasury plan Capital Gains Tax raid!

Following a General Election campaign, where housing was barely mentioned, the new Government should be focused on encouraging investment in residential property.

On the contrary the rumoured new CGT regime would act as a significant disincentive for landlords considering further investment.

A flat rate of 18 per cent on capital gains on non-business assets is likely to be replaced by rates which mirror income tax bands and therefore represent a significant increase. The National Landlords Association is calling on the Treasury to recognise letting as a legitimate business and therefore include capital gains from the sale of residential property in the wide-ranging “generous exemptions” which have been hinted at by Government.

Please support the Campaign by contacting your MP.  The National Landlords Association has a quick and easy online system to send a pre-formatted letter to your local MP.

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