Capital Gains Tax Changes – April 2020

There are three changes which have a significant effect on UK residential property sales taking place after 5 April 2020.

Two of these changes may be relevant if a property is sold which at some stage was the individual’s main residence. The third change is an acceleration of the reporting and payment of a capital gains tax liability on the sale of residential property.

What’s changed?

  • Lettings Relief: Potentially £40,000 relief lost
  • Reduction of relief available for the final period of ownership
  • Reporting and payment of Capital Gains Tax payable to HMRC

Find out more in our fact sheet.

For further advice please get in touch with a member of our property tax team on 01903 234094.