The NLA are spearheading a campaign against the proposed changes in Capital Gains Tax arguing there would be a disincentive for landlords considering further investment. The proposed changes will see the raising of the existing 18 per cent to higher rates to level that reflect current income tax bands.
The NLA is calling on the Treasury to recognise letting as a legitimate business and therefore include capital gains from the sale of residential property in the wide-ranging “generous exemptions” which have been hinted at by Government.
To support this NLA campaign go here.
Landlord tax advice service
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