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Monday, June 21, 2010

Taxman chases landlords CGT

The tax man has managed to collect an extra 23 per cent in capital gains tax in the past two years thanks t0 special investigations focused on landlords according to research from UHY Hacker Young.

The investigation by the taxman focused on Land Registry information to identify residential property sales by buy-to-let properties.

CGT revenues on BTL property were £73.6 million during the tax year ending 2010 compared with an additional £59.7 million two years earlier.

Read more in the Telegraph

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