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List Of How To Avoid Capital Gains Tax On Second Homes Uk References. The basic rule is that you are exempt from cgt on a gain from selling your “main residence”. In this case, when you sell the house, your capital gain will £80,000 (which is £100,000 minus the £20,000 spent on home improvements and fees).

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So, if you’re planning to sell a second house, how can you avoid cgt? We would be happy to advice you on possible ways to potentially mitigate your liability to cgt on the sale of a second home. Add £3,300 to the net taxable income of £38,150 for the total.

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