The fall of the Tory party

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spindrift in reply to @slippers

Over the last few years, the Government has been steadily reducing the
annual tax free amount of gains an individual can realise before CGT
kicks in. In 2022/23 it was £12,000, today it is £6,000, from April it
will drop to £3,000. This means that a landlord disposing of property
and realising a gain will still likely pay more tax at 24 per cent
than they would have two years ago even with the CGT rate at 28 per
cent.

https://www.nrla.org.uk/news/Budget2024

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greytyke in reply to @spindrift

Thanks for posting this. Isn't this designed to shore up the current state of the market by keeping small landlords in the game?After all, why sell a property if you can't realise a windfall?

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