CGT on sale of BTL

GlasgowExpat2

I’m in the process of selling my BTL property and after deducting expenses will have a CGT liability of approximately £34,000. I’m a basic rate tax payer. 

I currently salary sacrifice into my company pension scheme - would there be any benefit to sacrificing the maximum amount to reduce the amount of tax I pay? 

Dazed_and_C0nfused

GlasgowExpat2 said:

I’m in the process of selling my BTL property and after deducting expenses will have a CGT liability of approximately £34,000. I’m a basic rate tax payer. 

I currently salary sacrifice into my company pension scheme - would there be any benefit to sacrificing the maximum amount to reduce the amount of tax I pay? 

You could free up more basic rate band so more of the gain falls into the lower CGT rate.

But with £34k to pay I wouldn't expect a huge change!

https://www.litrg.org.uk/savings-property/capital-gains-tax#:~:text=The rate of CGT you,18% for basic rate taxpayers.