CGT REVIEW proposals discussion recorded Live on YouTube
4:38 PM, 12th November 2020, 6 years ago
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The Office of Tax Simplification has published its proposals to Chancellor Rishi Sunak in regards to CGT.
A link to the 131 page document can be found HERE.
The Breaking News Live video was hosted by Ranjan Bhattacharya and myself. We discussed our initial thoughts on the proposals, specifically in regards to how they could affect Landlords and Property Investors, and what can be done before the next Budget and thereafter if the proposals are accepted in their current form.
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Member Since January 2011 - Comments: 12222 - Articles: 1431
7:19 AM, 17th November 2020, About 6 years ago
Reply to the comment left by Chris Novice Shark Bait at 16/11/2020 – 11:21
I don’t recall seeing anything in the proposals mentioning that, so I think rolled over capital gains will still be fine to use.
Member Since November 2013 - Comments: 176
10:13 AM, 17th November 2020, About 6 years ago
Reply to the comment left by Mark Alexander at 17/11/2020 – 07:19
Thanks for your reply Mark. Forgive my paranoia at this crazy time.
Member Since February 2015 - Comments: 31
12:12 PM, 17th November 2020, About 6 years ago
Reply to the comment left by Mark Alexander at 17/11/2020 – 07:19
Hello Mark, I’m a private owner of my B2L portfolio of leasehold apartments in blocks which have failed building materials/fire safety regs, so are basically ‘worthless’, certainly when it comes to mortgaging purposes. So can I incorporate and use a zero value for these ‘blighted’ flats where an EWS1 can’t be obtained? If not, realistically how could valuations work when incorporating? Thanks
Member Since June 2014 - Comments: 1570
11:48 AM, 18th November 2020, About 6 years ago
https://www.telegraph.co.uk/property/uk/landlords-second-homeowners-could-save-money-capital-gains-tax/
Landlords and second home owners could end up cutting tax bills under new proposals for capital gains duties