Treasury Weighs Up Tax Break For Landlords Who Sell To Generation Rent

The chancellor, Philip Hammond, is considering using this month’s budget to introduce a “good landlord” tax break rewarding investors who sell properties to sitting tenants amid a housing crisis that has left 40% of young adults unable to buy a home. The Treasury is weighing up a new Help to Buy proposal whereby landlords would not have to pay capital gains tax when selling up to tenants who had been living in a property for at least three years. The plan has been drawn up by the right-wing thinktank Onward, which suggests the £1.3bn-a-year cost of the policy could be covered by curtailing other tax perks enjoyed by buy-to-let investors. Read more on the Guardian website.

https://www.theguardian.com/money/2018/oct/08/treasury-weighs-up-tax-break-for-landlords-who-sell-to-generation-rent