Thursday, July 01, 2010

Buy-to-let landlords not unhappy with the new Capital Gains Tax

The rate of Capital Gains Tax (CGT) increased by 10% for higher rate taxpayers in the latest budget. It went up to 28 per cent from its previous rate of 18 per cent.

The new government took a sensible approach on the issue and did not impose a new upper rate of 50 per cent, as many but-to-let landlords and second home owners had feared.

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