The rates of capital gains tax (CGT) payable on gains arising from assets other than residential property have been increased with immediate effect

High street shops, hospitality and leisure businesses were some of the hardest hit during the Covid-19 pandemic and many have not fully recovered. These businesses were granted 100% business rates relief during 2020-21 which continued until 30.6.21 for properties in England. Different rates reliefs apply in Scotland and Wales.

As a landlord you may have lost income during the pandemic as tenants have left or gone into liquidation

Capital gains tax (CGT) may be due when you sell a second home or a property that has not been occupied as your main home for the entire period of ownership.

A new online system for paying and declaring CGT within 30 days of completion for sales of residential property was introduced from 6 April 2020.

Stamp duty land tax (SDLT) must normally be paid by purchasers when they buy residential property in England or Northern Ireland for more than £125,000.