The Government has announced plans for changes to Lettings Relief.
The changes affect anyone who has a house that has at some time:
• been their main residence, and
• been let out
Lettings Relief is a hugely beneficial relief exempting up to £40,000 of a capital gain – this could equate to a saving of £11,200 per individual, per property!
Do you have a property which has been let out and your main residence at some point? Would you be looking to sell your property in the future? Then get in touch!
If you do nothing, you will lose this valuable relief. Speak to us now … our experts have a plan!
You can email Sue Jeffrey: firstname.lastname@example.org or Victoria Lawson: email@example.com directly or simply give us a call on 01228 711888.