HMRC has launched a Property Sales campaign disclosure for those who have sold a residential property at a "profit" which isn't their main home or not covered by exemption, read on for more:

http://www.hmrc.gov.uk/campaigns/psc.htm?WT.ac=campaigns_PSCagentmar

The above is for general guidance only.  Buick & Co Chartered Tax Advisers and Tax Consultants take no responsibility whatsoever for this blog, its reliability or any actions you take having read it.