CPS Homes

Capital Gains Tax could rise

Sales in second homes, and investment properties could rocket over the coming weeks as investors and property owners look to offload their assets before any rise in Capital gains tax in the UK coalition Governments’ first budget.

As part of a radical series of tax reforms planned by the Conservative-Liberal Democrat coalition, capital gains tax (CGT) is expected to rise for non-business assets from 18% to around 40%, say Government sources.

That means any profit made from second homes and other investments such as shares could be taxed much more heavily within a matter of weeks.

But with a budget due to be announced within 50 days, advisers warn that investors may face a race against time to beat the tax rise, if it is introduced with immediate effect.

If you need further advice on any matters regarding sales then please contact your closest branch.

14 May 2010

The information contained within this article was correct at the date of publishing and is not guaranteed to remain correct in the present day.

Back

Posts by date

Sign up for updates

By using this form, you agree with the storage and handling of your data in accordance with GDPR for the sole purpose of communication. We respect your privacy and will not share your data with third parties. For more information, please view our Privacy Policy.

cwtch tile

Festive opening hours 2024

Festive opening hours 2024

Festive opening hours 2024

Please find our festive opening days and hours below: Woodville Road, Cathays branch Mon 23rd Dec: 9.30am - 2pm Christmas Eve: CLOSED Christmas Day: CLOSED Boxing Day: CLOSED Fri 27th Dec: 9.30am - 2pm Sat 28th Dec: …