Editor's note: This brief was summarised by The Property AI Team from a report by Landlord Today. Read the original article for full details.
Chancellor to Ignore NRLA Calls for Capital Gains Tax Reform
Chancellor John Healey is tipped to ignore landlord leaders' calls to reform Capital Gains Tax at next week's Budget. The National Residential Landlords Association (NRLA) had urged the Chancellor to introduce a fairer system.
The NRLA called for "a fairer Capital Gains Tax system that recognises inflation and rewards long-term investment would help rebuild confidence in the sector and support the supply of rental homes."
For letting agents and inventory clerks, the decision means no immediate change to Capital Gains Tax rules affecting landlords selling rental properties. The NRLA's argument centred on inflation and long-term investment incentives, but the Chancellor appears set to disregard these calls.
This brief is based solely on the Landlord Today report. No further details on the Budget or Capital Gains Tax policy were provided in the source.
Source: Landlord Today