§ Baroness Gardner of Parkes
asked Her Majesty's Government:
Whether, with a view to encouraging more private landlords, they would consider allowing "roll over" for capital gains purposes of the proceeds of rented property sold by private landlords.
§ Lord Cockfield
The Finance Act 1980 introduced a new relief which exempts a maximum of £10,000 of capital gains arising from the disposal of a home in which the owner has let spare rooms or which has been let for part of the period of ownership. Private landlords have also benefited from the other measures to alleviate the burden of the capital gains tax and the investment income surcharge. We shall continue to keep the position of this important sector under review.