If and when you decide to sell your investment property you will be taxed on any profit that you make.
This tax, that is, Capital Gains Tax or CGT for short, is set at 22% (since October 2008) therefore you will be liable to pay 22% tax on any “gain” that you make.
So a quick summary equates to: if you …
So, an investment mortgage is similar to the “normal” or traditional mortgage as we call it, in that it is a loan used to finance a property. However there are few slight differences that you should be aware of.
Usually with a “normal” mortgage the amount you can borrow is based upon your salary, but with an investment mortgage lending is …
