Capital gains tax changes to hit homeowners
Final period exemption for private residence relief will reduce to nine months.
Foxley Kingham
Foxley Kingham Medical
FoxKash
Final period exemption for private residence relief will reduce to nine months.
Lenders’ trade body says Government should halt further measures.
Recommends reducing seven-year period to five years.
Tapered allowance applies to individuals earning over £150,000.
‘Failure to take reasonable care’ is the biggest factor in unpaid tax.