Are Life Tenancy Properties Subject to Capital Gains Tax?

Capital gains tax is applicable to Life Tenancy Properties just like with any other invest property

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Like all property gains, with the exception of your main residence, the profit made from Lifetime Tenancy property will be subject to Capital Gains Tax at the prevailing rate, specific to your circumstances.

The tax rates of course will change over the coming years but Capital Gains Tax is always likely to remain. Capital Gains Tax was introduced in 1965, once a tax has been introduced I can’t think of any government who have abolished a long standing tax revenue. There is no Capital Gains Tax charge until the Lifetime Tenancy has been sold. We are not tax advisors so professional advice should be sought on Capital Gains Tax.