Neil MacGillivray explores the opportunities to minimise CGT in relation is second properties...
If we're to believe all we read in the press, then buy to let landlords are deserting the market in droves. Reasons given are varied; from increased interest rates, restrictions in tax relief, tougher legislation protecting tenant's rights, or it's simply a good time to cash in a healthy return on the investment. Whatever the reason, an understanding of the capital gains tax (CGT) implications and what steps, if any, can be taken to reduce any tax liability is critical. The first thing to be made aware of is that if there's a taxable gain, a CGT on UK property return must be comple...
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