Tax Insider Tip: Landlords: Beware the Deferred Capital Gains Tax Pitfall
No doubt you have heard the famous quote…
“Failing to plan is planning to fail”
Capital gains tax (CGT) is arguably in many cases nothing more than a tax on inflation.
Landlords tend to get so used to the idea of their property portfolios effortlessly moving upwards that they forget there is likely to be a price to pay in the end.
In the January issue of Property Tax Insider, Alan Pink highlights a tax issue that landlords often forget and points out some potential ways to avoid the pitfall.
Another must-know strategy for every landlord/investor!
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>> Landlords: Beware the Deferred Capital Gains Tax Pitfall