UK landlords rush to sell ahead of budget’s possible capital gains tax rise

October 16, 2024 Leave a Comment

UK landlords rush to sell ahead of budget’s possible capital gains tax rise

Rightmove says record number of homes up for sale in September had previously been available to rent

Landlords in the UK appear to be selling up in record numbers, according to property website Rightmove, possibly driven by fears of a rise in capital gains tax (CGT) in this month’s budget.

Figures from the listings website published on Wednesday showed that 18% of homes up for sale in September had previously been available to rent – the highest figure since it started collecting data in 2010.

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