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Refinancing a buy to let mortgage


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No. Any potential capital gains tax liability is only due when you sell the property, as you are not selling it ..... there is no tax liability.

HOWEVER....if you raise a loan for more than the original purchase price not all of the mortgage interest payments can be offset against tax.e.g ....say you buy a property originally for 100K with a £50K mortgage. After 10 years the property is worth 200k and you remortgage taking a 150K loan. You can only offset two thirds (66.6%) of the interest payments against income tax.

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