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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

Go View London supporting Drayton Primary International Day

We are delighted to announce we will be sponsoring Drayton Primary School's International Day to support their PTA.  The date for your diary is 5th July 2019.


Easter Weekend Opening Times

We would like to take this opportunity to wish all clients and local residents a very happy Easter. 


Newsletter No. 60 Now Released

We have just released our 60th newsletter to mark 5 years of Go View London led property news and views.  In this month's newsletter we cover the government guidance on the tenant fee ban, the recent round of promotions at Go View, The re-opening of Pitzhanger Manor and we also contain news of a recent court case where a couple took HMRC to task over the the stamp duty surcharge.