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Date: 29 November 2022

Author: uprated

The Chancellor is cutting the tax-free threshold on CGT charged on the sale of assets from £12,300 to £6,000 from April 2023 and then to £3,000 a year later. Some tax experts have said these changes could prompt the likes of small business owners and BTL landlords to accelerate the disposal of assets. The jury is out on that. I believe landlords may actually be more worried about refinance arrangements because of higher mortgage rates at a time when the rents they can charge might not have gone up. The message here is that landlords and property owners should carry out regular financial reviews of their properties and portfolios, thinking tactically for the short term and strategically for the long-term.

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