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Capital Gains Tax: Second Homes

Volume 470: debated on Friday 25 January 2008

To ask the Chancellor of the Exchequer what assessment he has made of the impact his proposals for changes in the capital gains tax regime applied to second homes will have on the housing market in rural areas. (182305)

The 2007 pre-Budget report announced a reform of the capital gains tax regime for individuals. The impact on investors will depend on their personal circumstances and economic conditions more generally. The Government continue to monitor such issues.