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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

Promotions at Go View London

We are delighted to announce two promotions within the sales department at Go View London with Adam Wheelicker and Darren Fuller being promoted to the roles of Senior Sales Negotiator.  Within the lettings department, Morne Ackerman has been promoted to the role of Senior Lettings Valuer.


Newsletter no. 59 now released

If you would like a copy of our recent newsletter covering the latest in national and local West London property news please email enquire@goviewlondon.co.uk .


London Building UP

The Times has reported (06/03) that the number of skyscrapers in the Capital is set to double by 2030.  A great sign of institutional and corporate confidence in the housing market.