Tax Insider Tip: Maximise Tax Relief When ‘Doing Up’ Your Buy-To-Let
Buying a property to renovate and then let out, can be an attractive proposition, particularly where the buyer has the skills to undertake a lot of the work him or herself.
However, while the aim is to increase the value of the property and maximise the rental income, the tax implications should not be overlooked. Some of the tax considerations that may arise when buying a property to do up and let out are explored in the following case study.
Sarah Bradford explores the tax reliefs on offer when renovating a buy-to-let property.
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