Happy Customers

"We wanted to up-size to make room for our growing family, but needed to sell our flat first and National Homebuyers enabled us to do this quickly. They simplified the whole process of selling and enabled us to purchase our dream property! Capital gains tax avoidance measures not worth the trouble"

Mr & Mrs H, Space

"After inheriting a property from my late Mother, I approached National Homebuyers. I had been caring for my Mother for a number of years and the thought of selling the property using an Estate Agent was a hassle that I did not feel able to cope with. The sale of the property was a difficult […]"

Mrs J, Lydney, Gloucestershire

Capital gains tax avoidance measures not worth the trouble

Many individuals choose to invest in the property market with the idea of letting out a flat, house or other building; however, many have concerns about minimising or eliminating capital gain tax. This tax, which pertains to investment property, is quite important to keep in mind.

Some individuals who buy a new property choose to live there for a period of time before putting it on the market once again. This is done as part of a sincere effort to avoid capital gain tax liability. In order for a residence to be exempt, the owner must actually inhabit it. This requires having necessary post, such as bank and electoral information, sent to the property’s address. There are a few work-related exceptions, which should be discussed with a solicitor.

Suffice it to say, it is quite unwise for a property owner to pretend to live at one of their investment properties. This sort of thing is typically found out quite easily. One hypothetical question that was posed to an expert recently involved whether a person who resided with a partner could use their investment property’s address to establish residency. The expert advised against this, citing the fact that tax officials become suspicious of such things quite easily. The overall advice, for those who must let property for income, is not to use deceptive means to avoid paying taxes for, in the end, capital gains tax avoidance is simply not worth the effort.

National Homebuyers – We Buy Any House

homebuyer man with guaranteeNational Homebuyers are a UK based property buyer who really do buy any house or property! In fact we will buy anything, absolutely anything! Whether it is a house, flat, bungalow or park home we will buy it!

If you are looking for a fast house sale then we are here to help you. Our team of property experts are always on hand to share their expertise with you and help you achieve you aim of selling your house fast in a time scale that suits you and not us. So if you want a sell house fast service then give us a call on 08000 443 911.

Get your no obligation cash offer now by using the Get Offer on the right hand side of this page and take the hassle out of selling your home!

Homebuyer Man is the public face of National Homebuyers’ expert property team, keeping up to date with all the latest industry news, property trends and market information.

Homebuyer Man’s experience in the property market is unmatched, providing expert information and exclusive insight on all things property, whether that be mortgage advice or drilling down into the best times to buy and sell in different areas across the UK. With more than 15 years’ experience, there isn’t much Homebuyer Man doesn’t know when it comes to the property market.

I’m a regular face on some of the country’s most popular TV channels including ITV, E4 and Nickelodeon.

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