I'm a higher-rate taxpayer planning to sell an investment property. What strategies can I use to legally minimise my Capital Gains Tax bill within the current tax year?
Quick Answer
As a higher-rate taxpayer selling an investment property, you can minimise Capital Gains Tax by utilising your £3,000 annual exempt amount, claiming all allowable expenses, considering inter-spouse transfers, and timing sales across tax years. This helps reduce your taxable gain and the 24% CGT rate.
About This Topic
Higher-rate taxpayer? Discover strategies to legally minimise your 24% Capital Gains Tax bill on investment property sales. Utilise £3,000 annual exemptions and claim all allowable costs.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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