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Over the past few years, property investment has become a very profitable way to make money.
Unfortunately, there are very few people who consider the tax implications of their investment strategy before they decide to invest. Instead, they take a view that they will address the tax issues when they decide to dispose of the property. This can be a very costly mistake as some simple planning can help to avoid large tax bills in the future.
The table below gives an indication of the tax that may be due if you follow any of the popular strategies outlined below:
