From 6 April 2014 more capital gains tax will be due on second homes

Provided a property was actually your only or main residence at some time in the past, prior to 6 April 2014, the last 3 years would automatically be treated as your main residence even where factually it was not. This was partly to allow you time to sell the property and find another home.

From 6 April 2014, this 3 year period is reduced to 1.5 years.

Thus for sales of second homes after 6 April, more capital gains tax will probably arise.


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