In the 2013 Autumn Statement, the Chancellor announced a change to Capital Gains Tax (CGT) on properties from April 2014 that will restrict the ability of a property owner to avoid paying CGT when selling their main home, even if they stopped living in it up to three years ago.

From 6 April, the three year exemption period from CGT will be halved to just 18 months.

James Carroll, partner in the family team, and Rebecca Fisher, partner in the private client group provide a summary of the changes.

How the forthcoming changes to Capital Gains Tax may affect you.pdf