Landlords who let their former homes could have to pay
thousands of pounds more in tax when they sell these properties after April 5,
following a reduction in CGT relief. The reduction, announced in George
Osborne's most recent Autumn Statement, is forecast to raise an extra £360m in
tax for the public coffers over the next five years. Tim Norkett of Crowe Clark
Whitehill, commented: "It's very significant. There are big profits to be
taxed." Separately, the Conservative Party in Wales has promised to scrap
stamp duty of houses worth less than £250,000 if it wins power in the Welsh
Assembly. The move would save buyers up to £2,500.
Evening Standard, Homes & Property, Page: 6 The Times, Page: 4
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