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Tax Tip: Lettings Relief Changes

Following the recent budget, plans were announced that from April 2020, lettings relief will only be available to landlords in shared occupancy with the tenant. For any landlords who have previously lived in their buy-to-let property, this could have a significant impact on capital gains tax payable if the property is sold after April 2020. For anyone looking to sell a buy-to-let in the next few years, it may be worth discussing with your accountant the best time to do this.