NAEA Propertymark and ARLA Propertymark comment on Treasury’s review into capital gains tax system

Mark Hayward, Chief Executive, NAEA Propertymark, and David Cox, Chief Executive, ARLA Propertymark, comment on the Treasury’s review into the capital gains tax system.

“The government need to tread with care with the review into the capital gains tax system and all consequences, whether expected or unexpected, need to be considered. If the review includes allowances too, which would be sensible, then as with the recent stamp duty changes, taking people out of the tax equation should be an aim too. Increasing rates further for investment properties could reduce appetite from landlords who provide vital housing to the private rented sector, which will have a detrimental impact on supply.”

Kindly shared by NAEA Propertymark and ARLA Propertymark