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Borrow money from investment property

stebiz

stebiz Posts: 6,592 Forumite

Part of the Furniture

1,000 Posts

Combo Breaker

6 March at 12:48AM edited 6 March at 1:01AM in ISAs & tax-free savings

If I was to borrow money using the capital of one of my investment properties how would I deal with this as far as future capital gains. Anybody know?

Ask me no questions, and I'll tell you no lies

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Comments

eskbanker Posts: 37,454 Forumite

6 March at 1:24AM

If you're talking about securing a loan on a property then that wouldn't be a disposal for CGT purposes, so no effect on the acquisition price for when you did eventually sell.

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Sam_666 Posts: 124 Forumite

6 March at 6:15PM

You need to be more clearer with your definition of "borrow".

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