With two weeks until the Budget, expectations that the Chancellor will hike the CGT rate are rattling investors and property landlords.

Data from Zoopla showed that a third of listings on the property site are from landlords, as the properties were previously rented out.

The current temporary 24% rate of CGT for landlords will be one of the first measures to go. Introduced by former Chancellor Jeremy Hunt in 2023, this could even be removed before the April 2025 expiry date as the Budget always has a number of immediate measures.

CGT increases tend to have rapid impacts on behaviour, which is something the Treasury has discovered in its modelling of the proposed hike.