Advice on selling my Rental Property before the Autumn Budget?

[Cautious_Landlord]

Hi

I am a landlord with a single property in London that is about to become vacant.

I know that this is a very tight deadline, but I would like to sell the house before the Autumn budget on October 30th because of the potential capital gains tax changes on the ~150K increase over its purchase price. The property is in a decent state, and is close to a train station but is otherwise unremarkable.

I assume I should speak with a conveyancer/solicitor immediately. However, any additional advice or tips as to how I can best go about this would be greatly appreciated.

Thanks!

[David122]

Its very tight indeed, although should be quicker for a freehold property. You may need to be willing to take offers.

Do the maths. Calculate the difference between CGT AT 24% and at 40 or 45% and youll know what sort of offers would make it worth your while.

[MikeL]

I bought a property off a desperate seller who was emigrating and we completed within 4 working days . I didnt bother with searches about mine subsidence or paying fees to some lical church etc or tests for radioactive gases or flood plains etc . The key though was offering the solicitor 200 quid on top of his usual fee to put my file on top of his pile . Offer your buyer a big reduction to do the same thing .