I have owned a Cornish property for many years, which has been a furnished holiday let. I have never lived in the property. It was bought for £250,000 and its market value is now £600,000. If I use the sale proceeds to buy a property to rent out closer to home, how does this affect the capital gains tax (CGT) I may need to pay? 

Arthur Weller replies:  

It will not affect the CGT you will need to pay. There used to be a form of rollover relief for furnished holiday lettings, when the seller reinvested, but the special tax rules for furnished holiday lettings ended in April 2025.