Summary
SECOND home owners could end up paying twice as much tax when they sell their properties, under changes to the capital gains tax regime.
Despite moves to reduce the current capital gains tax (CGT) rate from 40% to a flat rate of just 18%, many second home owners could still end up paying more tax, according to accountancy firm PricewaterhouseCoopers.See the full content of this document
Extract
Tax Warning for Second Home Owners
The group said that, while the lower tax rate appeared to be good news for property investors, the package of re...
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