Second home owners, landlords and property investors are being urged to beware a “dramatic change” to the current capital gains tax regime which will come into effect in April next year.

The new rules mean that anyone selling a property after 6 April 2020 where capital gains tax is due will have to pay the tax on any gain within 30 days of completion – a significant change on the current position.

Hilesh Chavda, a legal tax specialist in law firm Royds Withy King’s private wealth team, is urging owners of more than one property to carefully consider the impact that this might have.

He said: “A dramat...