Can we get tax relief if we sell our house at a loss? – But, as you note, this property was rented out for at least a part of your ownership and, as you would be liable to capital gains on the sale of an investment property, you should also be able to.
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· Of course, if you finance a commercial real estate property, you can also deduct interest payments and origination fees. What’s more, owning commercial property can be more stable than leasing. If you’re interested in buying a commercial property, read our article on the best commercial real estate.
What tax do I owe on a rental property I bought in 1987? – There will be a fairly sizeable capital gains tax bill on this property as it was rented out for most of the period of your ownership. First the figures: up to 2002 you were entitled to apply an.
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