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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

Supporting St Vincent's Christmas Fair

We are delighted to be sponsoring St Vincent's Christmas Fair on Saturday 14th December, from 1 to 5pm   Santa's Grotto, a Christmas train, face painting, mulled wine, churros and school choir performances from 2.30pm   Please come along and support at 1 Pierrepoint Rd, Acton, W3 9JR - Entry is free!


Go View London supports Pitshanger Play Centre

Go View London were delighted to support Pitshanger Play Centre's Haloween party again and we have supported this organisation for the last 7 years in Ealing. Marion Doheny, from the Play Centre said: "Thank you once again for supporting the Play Centre.  Go View has been a big support to us for many years now.  It means the world to us."  


Newsletter #66 out soon

Our monthly newsletter will be hitting inboxes shortly.  In this month's edition our Sales Director, Donald Collins, discusses why now is a good time to be selling, we looking at evidence from National Landlord's Association that landlords are leaving the market meaning potentially rents going up and we mention condensation a very timely article for this time of year.