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Any property brings with it the need to think about taxes on income, capital gains and eventual inheritance. That’s true for both private dwellings and investment properties (see our section on buy-to-let).
Target is experienced in negotiating all of the obstacles successfully, click here to enquire about how you could minimise the tax you pay on any properties you own.
Capital Gains Tax
Your Principal Private Residence (PPR) is a valuable tax asset, allowing you (or you and your spouse together) to sell a house without paying tax. Only one PPR is allowed at a time, meaning that you could pay 40% tax on profits from selling a second property. However, Target can often work with you to reduce this tax bill to zero – as long as you let us know soon enough, click here to enquire. Income Tax
If you hold a mortgage on your main residence as well as an investment property, the relaxation of 'qualifying loan interest' means you could now gain tax relief not just on the investment mortgage value but on up to 100% of your investment property’s value (assessed on the date it was first let). Click here to enquire how we can take you through the process step by step. Inheritance Tax
It hasn’t gone away and discretionary trusts can still have an important role in reducing Inheritance Tax for some people. A lot of money is at stake, click here to see how we can help you to make sure that your own position is safe. To request a call click here.
For an initial talk, call us on 0845 241 3387 or alternatively, email an expert.
We can offer you an obligation-free talk about your own circumstances.
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