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Best way to structure p/o 2 properties to reduce CGT
travel_freak
Posts: 879 Forumite
Hi there,
Can anyone offer tips on the best way to structure the purchase of two properties to reduce CGT liability? It seem there's not a great deal one can do - both will be to let out and neither will be lived in by the owner. Is the best that can be done is to check to make sure to claim all the various allowances? Can anyone recommend a (readable) good source of info. re the current law on this? Is there any tax advantage in setting up a limited company and buying the properties in the name of the company?
Many thanks in advance
Regards,
Can anyone offer tips on the best way to structure the purchase of two properties to reduce CGT liability? It seem there's not a great deal one can do - both will be to let out and neither will be lived in by the owner. Is the best that can be done is to check to make sure to claim all the various allowances? Can anyone recommend a (readable) good source of info. re the current law on this? Is there any tax advantage in setting up a limited company and buying the properties in the name of the company?
Many thanks in advance
Regards,
0
Comments
-
Think you may be better posting this on the "Cutting Tax" Board which is a bit further down the list of Boards available to post on.
Don't have any helpful suggestions I'm afraid other than search the chat forums on here using the search facility at the top of the page or try a Google Search for Capital Gains Tax. This turned up -
https://www.direct.gov.uk/MoneyTaxAndBenefits/Taxes/BeginnersGuideToTax/BeginnersGuideToTaxArticles/fs/en?CONTENT_ID=4016313&chk=dyI1d%2B
and
https://www.channel4.com/4money/taxpensions/guides/capital_gains_tax_guide_081003_page1.html
amongst many others.0 -
Many thanks Ian W for your helpful reply. I'll try posting it on the other board too as you suggest.
Regards0
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