Momentum seems to be growing that the new government, wants to increase Capital Gails Tax from 18% to 40%.
The Liberal arm of the new coalition also wants to reduce the Capital Gains tax from £10,100 to £2000.
This may come in immediatly or next April.
Mayby after this governments term is complete and the budget deficit has reduced this could get reversed.
However for anyone who owns a second home ( other then a furnised holiday let) the profit you can make may be curtailed very soon.
Keep your eye on the News, it may be that you need to reajust your strategy regarding your buy to let properties.
