Landlords Want Capital Gains Tax Changes Reversed
41% of landlords want to see a reversal of the Government's proposed changes to CGT allowances. Here's what you need to know.
Frequently Asked Questions
What is Capital Gains Tax?+
Capital Gains Tax (CGT) is a tax on the profit made when you sell or dispose of an asset that has increased in value. The rate depends on your income tax band and the type of asset.
How can I reduce my Capital Gains Tax bill?+
Strategies include using your annual exempt amount, offsetting losses, claiming reliefs such as Business Asset Disposal Relief (formerly Entrepreneurs' Relief), and timing disposals carefully. Specialist advice can identify the most effective approach.
What is Business Asset Disposal Relief?+
Business Asset Disposal Relief (BADR), formerly Entrepreneurs' Relief, reduces the rate of CGT on qualifying business disposals to 10%, subject to a lifetime limit of £1 million.
Simon Newsham CTA
Chartered Tax Adviser — Founder, Newshams Tax Advisers
Simon Newsham is a Chartered Tax Adviser (CTA) with over 30 years' experience advising businesses, high net worth individuals, law firms and accountancy practices on complex UK tax matters. He has been advising clients since 1995 and is a member of the Chartered Institute of Taxation.
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