Capital Gains Tax (CGT)
Definition
Tax paid on the profit when selling an investment property. For individuals, rates are 18% (basic rate) or 24% (higher rate) on residential property gains. Limited companies pay corporation tax rates on capital gains. Various reliefs and allowances may apply.
Related Terms
HMO MortgageInterest Coverage Ratio (ICR)HMO ValuationDebt Service Coverage Ratio (DSCR)Stress TestingPRA RulesNet Rental YieldVoid Periods
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