From 6 April 2020, HMRC is proposing three significant changes which will potentially increase the capital gains tax paid on the disposal of any residential property by an individual.
These include (1) Letting relief, (2) Final-period exemption and (3) the 30-day payment window.
We provide some working examples of how these changes could impact you. Forward planning can help mitigate the tax burden of legislative changes, even if they cannot be entirely eliminated.
Read our article to find out more about the tax changes and some of the planning opportunities available.