New Govt increase CGT to 40%

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C
Caller
285 Posts
3 Thanks
Warning.

A leak to the financial experts Bloomberg says new government are to scrap their idea of 1m Inheritance Tax Allowance (within 12 hours of taking office they do a turn around!) and they will also increase CGT for non business assets including us landords to 40%. At present we pay 18%.

Watch out for the scraping of the 50k per property improvement allowance too. Speak to your accountant urgently.

Bad news, bad news.

12/05/2010 00:00

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