Is Capital Gains Tax payable on holiday home that used to be owners main residence?

On retirement we sold our main residence and moved to Devon. 7 years ago we purchased a second home to be close to elderly relatives. At that time we rented the Devon property as a holiday home during the summer months but still lived there as much as possible during the winter.
We now want to sell the Devon property. Are we liable to Capital Gains Tax?

Asked Nov 20, 2014

TIP: If it's not your answer to this question, please click "Leave a Comment" button under the question to communicate with the question owner.