Better to borrow 100k by paying it off over 15yrs, or run it on interest only......

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T
Tupenceworth
412 Posts
4 Thanks
Just checking out the long term view. Capital Gains Tax is not affected by borrowing, but borrowing reduces Inhertance Tax. Trouble with interest only is that the day will come when you have to pay off the lump sum. Trouble with paying it off over term is the big hit on IHT. Anybody worked out a rule of thumb?
13/02/2007 00:00

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