capital gains move to another property?
I have a btl property that i wish to sell off,,,
i know i have to pay capital gains on any gain recieved but am i right in thinking that
i can carry over my capital gain (ie any profit i make on the sale)
to another btl property purchase?
also if i port my present btl mortgage over from the sold property to another one (porting) how does that work? do you have to go through a full application/credit checks etc again or is it quite straight forward?...the reason for asking is that i may not make the criteria now for a new btl mortgage, but would love to off load one place and get another nearer to home...but dont want to lose my investment when no-one will lend to me again because of low wages.
Any tips ? ideas?
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