capital gains move to another property?

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swainston_904
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hello,, i'm searching for an answer...

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?

thanks swainston..

or you can direct email> connectourvillage@yahoo.co.uk

21/06/2009 00:00

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