Capital gains tax proposals

Hillier Hopkins LLP

Chartered Accountants & Tax Advisers

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Significant changes to two Capital Gains Tax reliefs were proposed in the 2018 Budget and are due to come into place from 6 April 2020. These are:-

  • Lettings relief – it is proposed that this will only be allowable where the owner is in shared occupancy with the tenant; and
  • Principal Private Residence Relief – currently this is also available for the last 18 months of ownership but this 18 month period will be reduced to 9 months.

This means that where you are letting a former home, you may be entitled to less Capital Gains Tax exemption than you expect should the proposals become legislation.

If you would like to discuss how these proposals affect you, please contact our expert below.

Do you need extra information?

Meeten Nathwani - Principal at Hillier Hopkins

Meeten joined Hillier Hopkins in 2001 and is qualified as a member of the Institute of Chartered Accountants, the Chartered Institute of Taxation and the Association of Tax Technicians.

Contact Meeten at or on +44(0)207 004 7126