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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

Our offices re-open

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Can we help promote your home delivery business?

On Twitter we are promoting any West London business that is now doing home deliveres. Please tag us @goviewlondon we are keen to ensure that all indpendent business can market themselevs best as possible in the current environment.  #westlondondelivers