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Landlords face capital gains cliff edge, tax body warns

A U.K. capital gains tax measure drafted before the recent general election could increase the potential liability on a sale of residential property by up to £11,200 overnight, the Association of Taxation Technicians said.

Letting relief is available to people who have lived in a property they own but then move out and let the property, the ATT noted. The relief, which forms part of the private residence relief, can cover up to a maximum of £40,000 of gains arising during periods of letting …

My news story for Tax Notes (paywall), January 18:

Landlords Face Capital Gains Cliff Edge, U.K. Tax Body Warns