Expert predict capital gains tax rise soon that could impact on UK property investors wishing to sel

[Nicholas Wallwork]

Property investors considering disposing of their investment through a gift or transfer to*successors or by sale to reduce borrowings in the expectation of increasing interest rates may*only have a small window to do so as experts predict capital gains tax will rise soon.

An increase in the current rate of CGT of 18% is considered inevitable. As Government borrowings*are expected to top £180 billion for the current financial year an incoming Government, of any*colour, is going to have to look at ways of increasing revenue and decreasing expenditure. The*latter is limited by political acceptability and so increasing revenue is inevitable, according to*Savills.

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