The tax system affords some tax breaks to married couples and civil partners and it is possible, depending on personal circumstances, to use these to mitigate the tax bill arising on the sale of an investment property.
This can sometimes be referred to as the ‘get out of tax-free’ card!
In the April issue of Property Tax Insider, out now, Sarah Bradford looks at when it can be beneficial to transfer an interest in an investment property to a spouse or civil partner prior to sale.
As part of our 'three-free-issue' Property Tax Insider trial, you'll get this strategy plus 11 more delivered to your doorstep.
Go here to learn more:
>> Putting an Investment Property in Joint Names Before Sale
Happy Tax Saving!
You might also be interested in