Most buy-to-let property investors with capital repayment mortgages (as opposed to interest-only mortgages) are surprised to learn that they cannot deduct the mortgage payments in full when working out the income from the property for tax purposes.
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I own a house, which I lived in until I got married 2 years ago. Since then the house has been let out, and I now want to sell it. It has gone up in value. Will I have to pay any capital gains tax?
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What with mortgage interest, repairs and empty periods to deal with, most buy-to-let property investors sometimes make a rental loss on their property. They then want to know whether they can claim any sort of tax refund or tax relief on that loss.
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As investing in buy-to-let rental properties has become more popular, we are often asked whether it is better to own such properties personally or through a limited company.
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