Business Terms and Jargon Explained

What is Buy To Let

This is when you buy a property to rent it out rather than live in

This 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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