I'm considering selling one of my buy-to-let properties in the next 12 months. How can I calculate my likely Capital Gains Tax (CGT) liability and are there any reliefs or strategies, like transferring ownership or making improvements, to reduce the tax owed?
Quick Answer
Calculating CGT involves deducing costs and reliefs from your total gain. Strategies like using your annual allowance, careful timing, or certain property improvements can help reduce the tax burden, but always consult a professional for personalised advice.
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Learn how to calculate UK Capital Gains Tax (CGT) on buy-to-let property and discover strategies like spousal transfers and allowable expenses to reduce your tax bill.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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