Homeowners are "repatriating" millions of pounds of equity from their second properties in Europe to take advantage of the strong euro, the government's recent capital-gains tax (CGT) changes, and to protect themselves from the global credit crunch. ...
Basic rate taxpayers pay CGT at 10 per cent on assets apart from property, where they pay 18 per cent. Higher and additional rate taxpayers pay CGT on assets at 20 per cent, rising to 28 per cent on property. Individuals also have a CGT allowance, which is currently £12,300. By co...