11:12 AM, 7th April 2022, About 2 months ago 16
A few months ago an email was sent to our PDPLA (Portsmouth and District Private Landlord Association) mentioning that tenants must start paying CGT (Capital Gains Tax) after 10 years in the same home!
It vaguely rang a bell, so I had a look at our tenancy records… O dear two tenants are in the frame!
I feel sure this must be wrong, after all, why would a tenant be liable for our capital gains? If it is true, then could they be “excused” as they have had new AST’s every 3 years?
Does anyone know if tenants do have to start paying CGT after 10 years?
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