You do not have to pay
any capital gains tax when you sell your home
providing it has always been used as your
private residence.
However, it's a completely different matter
if you own or are considering purchasing another
property.
If you rent out a property you will pay
income tax on the rent, minus allowable
expenses. Auxesia Accountancy can guide you
through the ever increasing complex property tax
regulations to help minimise your tax liability.
Examples of allowable expenses include:
Repair costs to maintain your
property's condition
Furniture replacement - wear and
tear
Mortgage/Loan interest (not the
capital element of the repayments)
Whether you are a landlord, property
developer/investor or have a holiday home, when
property is bought or sold you will incur tax
liabilities. Auxesia Accountancy can help you
minimise these.
If you have any questions and wish to speak to
an advisor, call us now on:
Tel: 01277 725252 |
