Pricewaterhouse Cooper claims there will be a rush to sell property when the reduced capital gains tax rate of 18% comes into effect but this has been dismissed as ‘unlikely’ by The Money Centre.

Lynsey Sweales, marketing and PR director of The Money Centre, said: “Our most recent research among buy-to-let landlords shows that the majority regard their investment as a medium to long term strategy. Around 22% of those interviewed anticipated holding on to their properties for between 11 and 20 years with a further 19% intending to stay in the market for anything from six to ten years.

“Only 13% of landlords said they were likely to sell any letting property in this current quarter and so, while the reduced capital gains tax rate will definitely benefit investors eventually, I think a rush to cash in next month is unlikely given most landlords are committed to a longer term strategy.”