The Chancellor has once again used the Budget to make the ownership of second homes less tax friendly; this time with a number of changes to the capital gains tax (CGT) reliefs available when selling a property which has at any time been your main residence.

This measure will go further and impact not only those with buy-to-let properties but anyone who owns a property and moves out more than nine months before the property is sold. For example separating couples where one party moves out before the sale of the family home. 

What are the tax reliefs available on selling a former home and what is changing?

Principal private residence (PPR) relief