Second home owners could face fines and prison if they fail to pay taxes when they sell up

Second home owners could face fines and prison if they fail to pay taxes when they sell up

Tax collectors are targeting thousands of people who have sold a second home, a holiday home or a buy-to-let property without paying tax, even if it was up to 20 years ago.

Anyone who has sold a second property in the UK or overseas will have to pay capital gains tax on the money they made from the sale.

If you have a BTL portfolio, you should be aware of what your options are, beforeselling your assets.

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