Topic: | Re:Re:Re:Re:Re:Re:Re:Mansion Tax and Bedroom Tax | |
Posted by: | Joe Conneely | |
Date/Time: | 20/04/15 18:38:00 |
Adrian, UK tax rules rarely if ever give any relief or reduction for loans incurred - prior attempts to abuse this rule in Inheritance Tax planning around business relief have been recently legislated against - so not sure what your point is. For Capital Gains Tax since it was introduced in 1965 and if it occurs Mansion Tax, the value will be the gross asset value ignoring any related debt financing, from all that has been printed to date. "Net equity" as a concept is pretty irrelevant for UK tax valuation of real estate assets and has been for some time. |