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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

Putting the sold sign on 'Brexit'

We have had our record start to a year for sales, and those on the move this year, whether buying or selling, should be reassured by the following article from our Sales Director, Donald Collins, detailing that despite the never-ending ‘Brexit’ speculation, demand for property in Ealing and Acton remains high and there is good reasons for buying too.


January 2019 Newsletter out soon

We will be sending out our January newsletter very soon and will contain the latest in property news, company news and local area news specific to Ealing and Acton.


Supporting Ealing Trailfinders 'Minis' Tour for 2019

Go View London are delighted to announce we are the headline sponsor for The Ealing Trailfinders Minis Tour to Bideford for the West Coast Rugby Rocks Festival from 3-6 May 2019.   There is a 400 parents and children currently booked to attend and it really helps bring the teams and wider parent community together.   We are supplying an official polo shirt to all the attendees - every adult and child and we look forward to spreading the Go View London message to the West Country as we Ealing Trailfinders go on the road!