"..The increase of CGT from 5% to 15% might hurt investor confidence in the property market. Halfway through 2022, reports from Hass Consult and the media have shown that demand for land and property... The property market is heading for unchartered waters. The Finance Act 2022 presents new and unique challenges for key stakeholders in Real Estate. Specifically, the Act seeks to triple capital gains tax (hereinafter referred to as ‘CGT’) from 5% to 15%.
