I'm looking to sell a buy-to-let property I've owned for 10 years. What is the current Capital Gains Tax allowance for individuals, and what legitimate expenses can I offset against the gain to reduce my CGT liability?
Quick Answer
The CGT annual exempt amount is £3,000. You can reduce your liability by offsetting acquisition costs, disposal costs, and capital improvement expenditures.
About This Topic
Understand Capital Gains Tax (CGT) on UK buy-to-let properties. Learn about the £3,000 annual allowance and legitimate expenses to offset your liability.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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