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capital gains tax and offsett mortgage accounts
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handsoffmymoney
Posts: 2 Newbie
reposted under cutting tax forum:
When selling my buy to let, can I put my capital gains into an offset mortgage account which I have on another property or must I pay the tax man?
When selling my buy to let, can I put my capital gains into an offset mortgage account which I have on another property or must I pay the tax man?
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The question would be better placed on the Cutting Tax forum.
IIUI, tax payable on capital gains in each tax year that the gains are realised. What you do with themoney does not affect your tax liability. If you have another BTL property that has lost money, you could sell it and reduce your gains.
What are the figures? Why do I smell a troll?
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0
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