Capital Gains Tax Bills Soar For London’s Second Homeowners
27th October 2025
Enness Global CEO, Islay Robinson contributes commentary in Property118 on new research showing that second‑home owners in London face substantial capital gains tax (CGT) liabilities, averaging over £12,000 for basic‑rate taxpayers and approximately £16,000 for higher‑rate. The study reveals that while many outer boroughs have seen sharp value increases (leading to higher tax bills), some prime central London postcodes have experienced value falls, effectively shielding owners there from CGT altogether.
Islay Robinson highlights that capital gains tax has become a more prominent factor for property investors following recent rate increases and lower annual allowances, while softening values in many prime postcodes have helped protect a large number of high-end second homeowners from significant CGT exposure.
