The rate of Capital Gains Tax (CGT) increased by 10% for higher rate taxpayers in the latest budget. It went up to 28 per cent from its previous rate of 18 per cent.
The new government took a sensible approach on the issue and did not impose a new upper rate of 50 per cent, as many but-to-let landlords and second home owners had feared.
Check out the other blogs I contribute:Overseas Property Articles | Office Refurbishment Articles | Property Articles
-
Virginia Water attracts both renters and buyers. This picturesque Surrey village boasts stunning landscapes and prestigious properties. Exce...
-
I've had a good couple of days of training with over 110 miles covered. Especially yesterday, we had some really good hills as well. T... -
The statistics for the UK's property market in 2017 are in, and the figures are pretty hefty! Barton Wyatt, luxury estate agents in Sur...