Many people view owning a second home or investing in the buy-to-let market as a supplement to pension planning or a general diversification of their personal investment strategy generally. However, we are now seeing measures being taken that are making these look much less financially attractive.

Earlier payment of capital gains tax

The Autumn Statement proposes acceleration of the payment date for capital gains tax (CGT on residential property to 30 days after completion from April 2019 instead of 31 January following the tax year of disposal, as now.