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Within a report about caring for Britain's ageing population the Centre for Social Justice suggests that householders who build a 'granny flat' should be exempt from capital gains tax when they come to sell it.

The Sunday Telegraph reports:

"A family who bought a house for £200,000, built a granny flat for £50,000 and sold the property for £400,000 would normally have to pay CGT of about 18 per cent on a share of the profits, or about £10,000. They would be spared this under the CSJ plan. Mr Duncan Smith's group is also studying plans to exempt granny flats from additional council tax or VAT charges."

16 comments for: CSJ proposes that houses with new granny flats should be exempt from Capital Gains Tax

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