Profits from the sale of a letting property are subject to capital gains tax. The first £10,900 is exempt. Basic rate taxpayers pay tax at 18% and higher rate taxpayers pay tax at 28%.
What is Capital Gains Tax.
Profits from the sale of a letting property are subject to capital gains tax. The first £10,900 is exempt. Basic rate taxpayers pay tax at 18% and higher rate taxpayers pay tax at 28%.
What is Capital Gains Tax.