Buy to let landlords and second home owners face tax hikes from 6 April

Second home owners and buy-to-let investors face significant tax changes from the new 2020-21 tax year on 6 April with the 30-day CGT payment window and end of mortgage interest rate relief, in the works since first announced at Summer Budget 2015, reports Sara White

From 6 April 2020, people who sell a property, apart from their principal residence, will have to pay capital gains tax (CGT) within 30 days instead of the current 22 months.

The measures are part of a swathe of changes to property tax, particularly affecting buy-to-letters and those with more than one property, say a holiday home or investment property, which come into force from 6 April 2020, the new tax year 2020/21.

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