Selkirk Posted February 25, 2008 Report Share Posted February 25, 2008 Been reading about the CGT change 01 April, lots of highly paid commentators are predicting a big rush from Landlords who are going to take advantage of the new 18% CGT and, in their words, 'dump' loads of property on the market. Given that estate agents currently say it takes about 80-90 days to sell a property at the moment, where are these btl investor properties? Surely if they were selling out they would be marketing now with a view to complete after 01/04, I'm sure it's when the asset is 'sold' the CGT becomes payable. I also read that estate agents are saying there were more enquiries and people going on their books for Jan than they would normally expect for this month, if so are they waiting for something that ain't going to happen?? cheers Link to comment Share on other sites More sharing options...
plym77 Posted February 26, 2008 Report Share Posted February 26, 2008 Just a quick post to say that the key date for CGT is the date of exchange, not completion. Although it is unlikely that a house put on the market now would exchange by 5 April! Link to comment Share on other sites More sharing options...
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