BTL purchase -new tax year implications?


T

Tumbleweed

Can anyone see any reason to wait until the new tax year to buy a BTL house?
Seems most people in the chain want to do it by 5 April, presumably because
its Easter so they all want to move in by then.
Offhand I cant see any reason not to, but thought I'd ask just in case?
 
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R

Robert

Can anyone see any reason to wait until the new tax year to buy a BTL house?
Seems most people in the chain want to do it by 5 April, presumably because
its Easter so they all want to move in by then.
Offhand I cant see any reason not to, but thought I'd ask just in case?

Are you selling any capital assets to fund the purchase? You might
prefer to realise any capital gains in one year or the other.

Robert
 
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T

Tumbleweed

Robert said:
Are you selling any capital assets to fund the purchase? You might
prefer to realise any capital gains in one year or the other.

Robert
thanks for the reply, no that doesnt apply in this case, the sale already
occurred,a few months back.
 

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