‘Punishing’ tax hike could see us lose our second home retirement dream

Thursday, 16 May 2024 10:49

By Jacob Freedland, SWNS

A couple say their retirement dream of living in their £150,000 second home on the North Yorkshire coast could end up in tatters - because of “punishing” new rules which will double their tax.

Fiona Wilson, 66, and her husband, David, 68, bought the property in Whitby 14 years ago as a rental opportunity.

The property sat alongside their main home in Potto, between Northallerton and Stokesley, which they bought for £205,000 in 1999.

But after leaving their jobs they decided to make it their second home - and were looking forward to regular trips to the coast.

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