Capital Gains Tax 12 10 2007 - News Archive

Capital Gains Tax

Chancellor Alistair Darling announced this week that changes to capital gains tax would be good news for property owners looking to sell off their investments and portfolios. He stated that in the week’s pre-budget report, tax would go to a flat rate of 18% from next April. This is compared to 40% if you sell within three years of purchase and 24% if within ten years. This news is excellent for those with large portfolios they are thinking of selling.

The National Landlords Association (NLA) are pleased with the news and say that their member will be very happy and will make some savings.
 
:: Added on: 12:10:2007 ::

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