Friday, June 8, 2007
BTL’s are fuelled by 10p in the £ Tax, perks, etc
"The pace of growth in the housing market may have taken longer to slow than all the experts predicted at the beginning of the year." ... "– especially those contemplating more onerous repayments as the super-discounted fixed-rate loan deals taken out in the summer of 2005 expire." ... "Some buyers of these Chelsea mansions are partners in firms in the lucrative private equity sector and thus permitted to pay tax at 10p in the pound on some of their earnings." So how do I get on this gravy train and pay only 10p in the £ on my income Tax. This is one for GB(H).