Sarah Bradford looks at the meaning of ‘business’ in the context of capital gains tax incorporation relief.
Unincorporated landlords have been hit with a raft of adverse tax changes in recent years, and with the introduction of higher property tax rates from April 2027, landlords may decide that operating as a limited company is a better option.
For landlords looking to incorporate their property business, the availability of capital gains tax (CGT) incorporation relief can be a game changer, particularly where their property portfolio is pregnant with gains.
A CGT liability
