Winners and losers - A property investment tax expert takes a look at the new CGT rules

Winners and losers - A property investment tax expert takes a look at the new CGT rules
31st October 2007

By Colin Davison, Cranleys Chartered Accountants

Behind the spin and the hype of Alistair Darling's recent pre-budget report, what do the changes in capital gains tax (CGT) mean for the serious property investor?

First of all here are the changes in a nutshell:

From April 6, 2008, a new flat rate of CGT is being introduced at 18%. This replaces the old system of taper relief whereby property investors were charged between 24 and 40% depending on how long they had owned the property for.

Property Secrets speaks to resident tax expert, Colin Davison for the low down on the Chancellor's measures.

To view the rest of this article - and thousands like it - become a PRO member today...

To read this article you need to be a Property Secrets PRO member. In addition to thousands of searchable articles on UK and worldwide property investment, your PRO membership will give you full access to over £600 worth of eBooks and Spreadsheet Software, advice-packed blogs from leading property experts and our busy Property Forums - where you can talk to hundreds of investors just like you.

If you aren't currently a PRO member, then you can sign up using the form below now. At only £7.99 a month (first 14 days FREE) or £79.99 per year (that's TWO MONTHS FREE), it will prove exceptional value for money. Remember, our range of eBooks and Spreadsheet Software is worth over £600 and with a new article every day, there's always something to come back for.

Today's property market means it is vital to have full and unlimited access to the best information available to make intelligent and profitable decisions.

To find out more about the benefits of a Property Secrets PRO membership, click here...

If you are already a PRO member of Property Secrets, sign in at the top of the page.