Myth-busting – Electrical Safety installations Act 202011:19 AM, 3rd August 2020
About A week ago 79
After reading all the doom and gloom on the new tax rules and now the underhand tactics regarding CGT, I’m pretty much done and looking to sell up. I’m really worried that I will go bankrupt and take my family with me. It just isn’t sustainable under these new rules.
I have two properties both with long term tenants. I want to sell to an investor with the tenants in place and at market value. If I can’t I will be left with no option but to evict.
What are my options and is this even possible?
I’m not sitting on a pot of money and hardly make a profit on either. I can not buy my way out of a negative situation if offered below market value. One is on a repayment and the other interest only. Both properties were supposed to be for retirement as we don’t have pensions.
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