Property Income

  Does this apply to you?

You do not have to pay any capital gains tax when you sell your home providing it has always been used as your private residence.

However, it's a completely different matter if you own or are considering purchasing another property.

If you rent out a property you will pay income tax on the rent, minus allowable expenses. Auxesia Accountancy can guide you through the ever increasing complex property tax regulations to help minimise your tax liability.

Examples of allowable expenses include:

  • Repair costs to maintain your property's condition

  • Furniture replacement - wear and tear

  • Mortgage/Loan interest (not the capital element of the repayments)

Whether you are a landlord, property developer/investor or have a holiday home, when property is bought or sold you will incur tax liabilities. Auxesia Accountancy can help you minimise these.

 

If you have any questions and wish to speak to an advisor, call us now on:

Tel:         01277 725252


Applicable to:  
Businesses Businesses
Individuals Individuals
New Startups New Startups