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.
Landlords propose overhaul of Capital Gains Tax assessment
The National Residential Landlords Association (NRLA) has submitted a proposal to the government calling for a change in how Capital Gains Tax (CGT) is assessed. The submission was made ahead of next month's Budget and has been described as a radical proposal.
In its official submission, the NRLA also opposes the idea, mooted by some analysts, that CGT be increased to equalise it with income tax.
What this means for the lettings sector
Any change to how CGT is assessed could affect landlords considering selling rental properties, which in turn may affect the supply of homes available to let. Letting agents and inventory clerks should watch for further details when the Budget is announced.
Source: Landlord Today