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: