Much of property increase is not even profit, it's inflation. That makes the tax a double insult.

Due to tax changes my BTL now lose money - I would like to sell but the high CGT acts as a barrier to me selling my BTL properties. I have owned them for 30 years and the CGT is now higher than the equity left in the properties - this means it would cost me hundreds of thousands of pounds to sell the properties. Admittedly i have regularly remortgaged and converted some of the equity to cash over the years but that was the accepted way to make money out of BTL for many decades. I used to be a Tory voter but the way they have penalised and vilified landlords like myself means that I will never vote Tory again. What an incredible own goal by the tories.

It's maddening is what I think!

I have owned some investment residential properties for over 25 years. My long term plan was to manage them myself and then when retired and relocate, to sell them and buy other investment properties in the new area I had moved to. Then there was taper relief which made any CGT payments would be minor. That went out of the window in one fell swoop. Then CGT was brought in progressively going higher to the 28%. The chunk CGT would take out of the profits would make my buying power for new properties far less. Had they been business premises I could have avoided any CGT liability because i intended to buy new properties. I am now sitting on my properties. I would have been happy to take a hit on a reasonable rate to progress. The government would have got CGT tax plus stamp duty on the new properties I would buy. Now they have neither and they are unlikely to get any tax off me as I will probably put the properties in my will. As for it stimulating the availability of properties for first time buyers or owner occupiers I fail to see any logic in that. I would also argue that there should be a annual relief to take into account of inflation based on RPI.

The reduction in rate to 24% starts to work in your favour if your profits are higher than £75k. So for example if your profit is £200k, you will pay £5k less tax, if you are higher rate earner. Another tax that benefits the rich to the detriment of the poor.

yes hows it legal

Agree that CGT is a rip-off, since it doesn't allow for inflation so you can end up paying it on a real terms loss. Off Topic but CGT related - does anyone know if you trigger a CGT event when transferring shares into an ISA? On paper, its shown as a sell by the original investment, followed by a buy by the ISA so might do. Reason for the question is that this year's CGT allowance has been reduced to £3000, so you only need to have made 15% gain over the original price when transferring £20k worth of shares to be at risk of paying CGT. Not allowing for inflation, >15% gain for shares purchased a decade or so ago is probable. I'm unclear if the "same day" and "bed & breakfasting" rules which would normally exclude this sort of task risk apply when two different versions of you (the non-ISA & the ISA) do the buying and selling. Example - I've just transferred £20k into an ISA wrapper, which have grown by approx. £2k since I bought them in 2019 so I'm not at risk yet, but could well be in a few year's time.

Starmer needs to go fast before total Chaos will be the worst !

If I sell a buy to let property at a loss how long can I carry over the at loss to offset against a future gain? Thanks