Capital Gains Tax - Record Receipts Good to start the day with some good news - well, for Rachel that is. HMRC collected just shy of £17 billion in CGT in January according to the Office for National Statistics; a goodly portion of this is due to the exodus of landlords [source: Simply Business] It is fortunate [you need to want to see it] that the Government has not [yet] aligned capital gains tax rates with income tax rates - as was the case under the Brown Administration in the naughties. With 3 more Labour Budgets there is opportunity aplenty for this to be re-visited. The Government can look forward to further CGT revenues from April as those landlords determined to stay with it, accept the general perception that company is better and seek to incorporate via self-assessment. Aside from the likely increased cost of this exercise, there is the added peril of what happens should the tax authorities deny the claim. CGT is payable on the capital gain [and latent gain] at rates of either 18% or 24%. However, under the new regime, an unsuccessful claim for incorporation relief will be treated as a disposal and CGT charged on the full market value of the property portfolio. Food for thought.

Posted by Chris Haley at 2026-03-04 10:32:30 UTC