Re: The Budget
Originally Posted by
Muddy
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Only if you sell.
If you haven't had much gain you won't pay CGT.
Gains are realised when sold usually. For those who do have a mortgage and want to move the property to a company structure then from what I've seen there may be a gain chrystalised when the transfer is made so CGT could be due without an actual sale. I think the same applies if you sign away the property to a family member or trust.
If you have no gain then you have little return on your investment. If you had no mortgage and just rental income on which you paid tax then it's worthwhile holding onto it for the income. But in general there is less money to be made in holding buy to let property, particularly in future and particularly if you have a mortgage.