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Tuesday, May 18, 2010

'Fire sale' landlords warned

Landlords tempted to sell their buy-to-let properties now to avoid the much vaulted Capital Gains Tax (CGT) rises should be warned that if they sell today, it still may be too late. This is because any future tax increase could be retrospectively enforced according to reports in the Financial Times.

This means that despite a Landlord selling before the tax change is announced their will still incurr the tax liability at the higher rate which could be between 40-50%.

Property Hawk has provided landlords with advice about how a landlord can minimise their Capital Gains Tax liability should they sell and these methods can be employed whatever the CGT rate becomes.

Expert Tax Advice

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