Hi SerencoNo, signing a lease is irrelevant.
It’s the establishment of a new tenancy post 1 March 2026 that will trigger the 6-year cycle.
There is no such thing as a renewal date anymore (not since 2004 really). No matter what the lease says it is actually an indefinite one. For example, you sign a one year lease with a tenant. You tell the tenant at the end of the year that they have to leave because you are not renewing. That doesn't work (you'd have to compensate them if the case got to the RTB). The legislation overrides what the lease says and makes it an indefinite one which lasts until the tenant leaves or you evict to sell.I have a lease renewal date 15/9/25.
Be careful to get the documentation and notice requirements 100% right - it’s very easy to make a mistake.
for short-term letting. (Available until September 2025).
Does this also apply to “big” landlords with more than 3 rental properties? Thanks.The status quo will continue for existing tenancies.
Why? A huge CGT bill implies an even bigger gross capital gain and a presumably significant net gain.I feel I can not sell as huge exposure/ crystallisation to Capital Gains Tax upon disposal.
Unless you have some reason to think that CGT rates are going to fall in the future (or that the value of the property is going to fall), that 27% figure is only going to rise, the longer you hold the property. If the potential CGT liablity is a problem for you, it's a problem that you are more likely to make worse than make better by deferring a sale.The CGT is a separate matter. Approx 27% of the asset value would be handed to the state in CGT if I sold.
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