Happy Customers

"I had been caring for my Mother for a number of years and the thought of selling my property using an Estate Agent was a hassle that I did not feel able to cope with."

Mrs J, Lydney, Gloucestershire

"We were really pleased with the service we received and it did exactly as it said on the tin. Dad is now out of hospital and has cash in the bank, which has meant he can see his Grandchildren enjoy their inheritance."

Mr B, Burnley, Lancashire

Capital gains tax avoidance measures not worth the trouble

Many individuals choose to invest in the property market with the idea of letting out a flat, house or other building; however, many have concerns about minimising or eliminating capital gain tax. This tax, which pertains to investment property, is quite important to keep in mind.

Some individuals who buy a new property choose to live there for a period of time before putting it on the market once again. This is done as part of a sincere effort to avoid capital gain tax liability. In order for a residence to be exempt, the owner must actually inhabit it. This requires having necessary post, such as bank and electoral information, sent to the property’s address. There are a few work-related exceptions, which should be discussed with a solicitor.

Suffice it to say, it is quite unwise for a property owner to pretend to live at one of their investment properties. This sort of thing is typically found out quite easily. One hypothetical question that was posed to an expert recently involved whether a person who resided with a partner could use their investment property’s address to establish residency. The expert advised against this, citing the fact that tax officials become suspicious of such things quite easily. The overall advice, for those who must let property for income, is not to use deceptive means to avoid paying taxes for, in the end, capital gains tax avoidance is simply not worth the effort.

National Homebuyers – We Buy Any House

homebuyer man with guaranteeNational Homebuyers are a UK based property buyer who really do buy any house or property! In fact we will buy anything, absolutely anything! Whether it is a house, flat or bungalow we will buy it!

If you are looking for a fast house sale then we are here to help you. Our team of property experts are always on hand to share their expertise with you and help you achieve you aim of selling your house fast in a time scale that suits you and not us. So if you want a sell house fast service then give us a call on 08000 443 911.

Get your no obligation cash offer now by using the Get Offer on the right hand side of this page and take the hassle out of selling your home!

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