Capital gains tax when selling from a portfolio mortgage?Make Text Bigger
I wonder if anyone could help me. I’m a landlord with a portfolio of properties with The mortgage works.
I recently sold one of these properties, I came away with a profit of 130k, I would like to use this profit to release another property from the TMW portfolio.
My question is do I have to pay capital gains tax on this profit? OR can I use this profit to reduce the loan on other properties with the TMW?
I would appreciate some advice.
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