Business Terms and Jargon Explained
What is Buy To Let
This is when you buy a property to rent it out rather than live inThis is a property that is purchased for the purpose of renting as opposed to purchasing to live in. In the last decade this has boomed as the market has risen.
There are special rates and schemes for this purpose. There is also tax implications as the rent receivable is taxable and when the property is sold its profit will be taxable.
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Term created / updated 2006-03-23 10:31:59
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