Capital Gains Tax (CGT)
March 14th, 2019
The CGT annual exemption, currently £11,700, is rising to £12,000 in 2019/20.
A further point to watch on residential property gains, e.g. from buy-to-let sales, is that from 6 April 2020, CGT will be payable within 30 days of sale. If you are considering selling a buy-to-let property, you may want to act relatively early in the new tax year.