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Important Capital Gains Tax (CGT) change

 

Important changes are coming to Capital Gains Tax (CGT) from the new tax year that clients should be aware of. 

 

From 6 April 2020, CGT incurred following the disposal of a residential property will have to be paid within 30 days of the completion date. At present tax payable is due by 31 January following from the allotted tax year. (Previously if you sold a property on 1 May you would have 20 months longer to pay the tax due).

Furthermore, Private Residence Relief will be eroded from 18 months to 9 months (it was 36 months in 2014), and Letting Relief will only count if you were having a lodger in the period of question as opposed to renting the property out completely.

 Call us on 020 8992 0333 or email sales@goviewlondon.co.uk if you would like to discuss your options.

 

Important Capital Gains Tax (CGT) change


Other News

Great accolade from All The Agents

  Our Ealing office won the best sales branch of the year for 2019 in the All The Agents awards.  All The Agents is the most reputable review platform for Estate Agents and to win this top award for the competitive W5 region is an amazing accolade.


Important Capital Gains Tax (CGT) change

Important changes are coming to Capital Gains Tax (CGT) from the new tax year that clients should be aware of. From 6 April 2020, CGT incurred following the disposal of a residential property will have to be paid within 30 days of the completion date. At present tax payable is due by 31 January following from the allotted tax year. (Previously if you sold a property on 1 May you would have 20 months longer to pay the tax due). Furthermore, Private Residence Relief will be eroded from 18 months to 9 months (it was 36 months in 2014), and Letting Relief will only count if you were having a lodger in the period of question as opposed to renting the property out completely. Call us on 020 8992 0333 or email sales@goviewlondon.co.uk if you would like to discuss your options.


Happy New Year

Our community work reached new levels in 2019, and we are delighted to support a wide range of  community organisations and initiatives .