HM Revenue & Custom's take from annual CGT receipts increased by 25 per cent in 2014-15 to reach £6.9 billion, the highest yield since 2007-08.
Selling by buy-to-let investors and the rise in property values, which has seen the price of the average home in Greater London rise by 86 per cent over the past 10 years, has fuelled this increase in CGT receipts.
Beavis Morgan – specialist property advisers
At Beavis Morgan, we have extensive experience in advising individuals and businesses on all aspects of the property market. We act for a broad range of property investors and developers who actively need advice on how to best structure their property deals, both to ring-fence and protect their property assets, as well as to minimise the tax arising from their business operations.
Whether you are looking to save on income tax, capital gains tax, inheritance tax, or all three, there are various options available to you, such as an investment in a portfolio of EIS and SEIS shares which is well worth considering, as long as you are fully aware of the risks.
We work across a broad range of sectors, advising entrepreneurial people with property ambitions and an appetite for financial growth. For further information about how we assist, contact Steve Govey or your usual Beavis Morgan Partner.