I have a large portfolio of flats. Following the changes announced in Autumn Budget 2024, are lease extensions and ground rents on a block of flats sales taxable at the residential capital gains tax (CGT) rates of 18% and 24%, or would they be taxed at commercial rates?  

Arthur Weller replies: 

You mention ‘flats’, so I am assuming you are talking about residential properties. If so, these lease extensions and ground rents will be subject to the 18% and 24% rates of CGT that apply to residential property. The changes in the last Budget have not changed anything with respect to what you are asking. Furthermore, the non-residential rates of CGT have ceased as from 30 October 2024.