Landlords could face increased capital gains tax as government tightens the net

Due to an amendment to the 2013 autumn statement, unexpected changes come into force from 6th April 2014 which could affect UK residents with more than one property.

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Keep up to date with changes to property taxation.

The government is proposing to reduce the additional time qualifying for ‘relief’ on your main home after you have moved out from 3 years to just 18 months!

This reduction could hit those letting out a previous family home, second home owners, and landlords who have previously used the concessions to reduce tax burdens.

If you would like further advice or guidance on this issue or anything else property tax related, then call RS Partnership on 01438 718118 and they will be happy to help.

Email: admin@rspartnership.co.uk

Website: www.rspartnership.co.uk

About David Porter

David is a chartered surveyor, residential landlord and director at Knight Property Management, which specialises in the letting and management of quality residential properties.
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