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

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.

 

YOU’LL FIND MORE ON THIS STORY AND OTHERS AT www.yorkpress.co.uk OR PICK UP YOUR COPY OF THE NEWSPAPER ITSELF AVAILABLE SIX DAYS A WEEK AT YOUR LOCAL NEWSAGENT

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