Lets Process in brief

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Beware the £470m home rental tax trap

Beware the £470m home rental tax trap

But experts say the move could lead to a rush of house sales over the next 12 months as landlords look to flee the buy-to-let market before April. 

This sudden increase in supply could, in turn, even cause house prices in some areas to fall.

An accidental landlord is someone who didn’t buy a property with the intention of letting it out, but has since ended up doing so.

Some may have inherited a property or been unable to sell their own home. Or they may have had to relocate suddenly for a new job or moved in with a partner and decided to hang on to their own property in the short-term as a safety net.

When you sell investment property, you must pay capital gains tax on any profit you make. 

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