How to define Property Letting?

A bit of a technical subject on the tax front, but relevant nevertheless to anyone letting property. Probably one to discuss with your accountant if you do have rental property so they can explain the jargon!

In short, for the means of claiming CGT roll over relief (technical term, I know!) following a recent tribunal decision, property letting is considered a business. The good news following this decision is that property let within a limited company will have increased benefits however more so, it means that capital gains tax charges are eliminated on incorporation.