Budget tax on landlords could cost them £13,000

Changes could mean shock for owners who have rented out homes when they come to sell

Thousands of “accidental landlords” could be clobbered with much higher tax bills when they come to sell their properties as a result of measures in the budget.

Based on the government’s own scenario, someone selling a property they once lived in – but then rented out for a while – could typically end up more than £13,000 worse off than under the current rules.

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from Property | The Guardian https://ift.tt/2SMvJFE
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