Quote request from an individual in London
- Created on
- Wed 26 September 2012 1:14pm
- Region
- London
- Type
- Individual
Looking for tax advice when buying second property. We live in a flat currently and are moving into a new flat that we are buying. We will then let out the first flat. We are not sure if there are advantages in putting the ownership of the second flat in a 99/1% ownership or if we should go 50/50 with the view to reducing any capital gains payment when sold. We aim to keep the 2nd flat for 5 years and then sell.
Another complication is that we are likely to be posted abroad with work sometime in the next year. This will probably be for a minimum 3 yr period. So then the second flat will be rented out. We want advice on how to go about all this to avoid paying too much tax and capital gains tax.
Another complication is that we are likely to be posted abroad with work sometime in the next year. This will probably be for a minimum 3 yr period. So then the second flat will be rented out. We want advice on how to go about all this to avoid paying too much tax and capital gains tax.
This request for an accountant is open for tendering!
Sign up to tender for this ad.