It was a bit of kite flying.
Type: Posts; User: noTAGlove
It was a bit of kite flying.
You can say that again.
My now deceased FIL only had one BTL. Bought it in Winchester for £50k cash in 1993 and cashed his chips in for £230k 15 years later. Early gross yield were massive as well.
If you have had a good run at BTL and made some serious capital gains, there has to be a point when you cash in, reinvest for a simpler life, max your pension contributions and go out clicking your...
If only you could get a 5% steady risk free return. Hmmmm.
Ouch, that is a massive bite out of your Mums investment return. What do you get for that significant fee, apart from a phone call to tell you about the drying?
You mean significant and rapid capital appreciation, and large gross yields in a low interest rate and low taxation environment?
If so, now is about the perfect time for the proper mugs to start...
Presume there will always be a tax liability whenever you sell, you are never going to escape that, and this is just a necessary evil associated with making a good return on your investment?
Or if...