Tax Changes Could Shake Up West Wales Housing Market ; Rise in Capital Gains Rate Would Hit the Many Second Home Owners
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Summary
A SHAKE-UP in capital gains tax could trigger the West Wales housing market into life, according to a property insider.
After yesterday's Queen's Speech, capital gains tax on non- business assets is to be imposed at rates close to income tax, meaning higher-rate taxpayers may have to pay as much as 50% on their profits from selling second homes.See the full content of this document
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Tax Changes Could Shake Up West Wales Housing Market ; Rise in Capital Gains Rate Would Hit the Many Second Home Owners
Before yesterday, the tax on profits made on house sales stood at 18%, minus any deductible costs.
Such a move could have major implications on th...See the full content of this document
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