Should I sell my Buy to Let?

El_Torro

I know that generally speaking MSE'ers aren't big fans of Buy to Lets. I also might get different responses depending on which sub forum I post this on, thought I'd give it a go anyway


I've had my Buy to Let for a few years now. Tenants generally behave OK, void periods tend to be 2-3 weeks max, repair costs are at an acceptable level. Can't complain too much really.


There are a couple of reasons why I am thinking of selling:


The tax on the rental profit I make is harsh (compared to other options), and is more likely to get worse rather than better in the future.


When I do eventually sell (say when I retire in 20 years plus) I will pay Capital Gains Tax on the profit I make. That's more money going to HMRC and not me.


If I sell now I can either put the money towards paying off my residential mortgage or into S&S ISAs and pensions. All tax efficient options.


Having the money in shares is less hassle than in a property. Though as I alluded to earlier it hasn't been much of a hassle for me til now.




Reasons why I shouldn't sell:


Diversification. I already have a DC pension which I pay a lot into. Why have all my retirement eggs in shares?


The amount of rent I charge will mostly likely only go up over the years. Assuming I keep my mortgage under control that's an increasing source of income to supplement my wage.






Any comments welcome

Pixie5740

I think this is really a question for the savings & investments board.