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The Guardian - UK
The Guardian - UK
Business
Hilary Osborne

UK landlords rush to sell amid fears of capital gains tax rise in budget

capital gains Rightmove United Kingdom
a panoply of signs saying for let, for sale and sold
A succession of tax changes have made owning buy-to-let properties less lucrative, and the fear of a CGT rise may have persuaded landlords to sell up sooner rather than later. Photograph: Jill Mead/The Guardian

Landlords in the UK appear to be selling up in record numbers, according to property website Rightmove, possibly driven by fears of a rise in capital gains tax (CGT) in this month’s budget.

Figures from the listings website published on Wednesday showed that 18% of homes up for sale in September had previously been available to rent – the highest figure since it started collecting data in 2010.

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