The Treasury is reported to be taking seriously a proposal drawn up by the right-leaning think-tank, Onward, to offer CGT relief to private landlords who sell properties to their long-term tenants.
Under the proposals:
The authors suggest this policy could be paid for by restricting other tax reliefs for buy-to-let investors, such as reducing the private residence relief period from 18 months to 6 months and abolishing lettings relief of up to £40,000.
The think-tank estimates that 88,000 households would take up the relief each year, with an average gain per property of £15,000. See https://bit.ly/2NyYqBS.
The Treasury is reported to be taking seriously a proposal drawn up by the right-leaning think-tank, Onward, to offer CGT relief to private landlords who sell properties to their long-term tenants.
Under the proposals:
The authors suggest this policy could be paid for by restricting other tax reliefs for buy-to-let investors, such as reducing the private residence relief period from 18 months to 6 months and abolishing lettings relief of up to £40,000.
The think-tank estimates that 88,000 households would take up the relief each year, with an average gain per property of £15,000. See https://bit.ly/2NyYqBS.