Tax implications

[andrew west 0]

Hi

 

I am remortgaging my portfolio and have a couple of queries re Capital Gains Tax.

 

1 As I am releasing equity on an increased valuation, will I be liable for  Capital Gains ?

   If so at what rate ?

2. One of the properties we lived in for 11 years, then let it for 15 years. Does this mitigate the tax ?

 

We have been a little out of touch on the latest tax developments and so would appreciate any advise/help

 

Thank you

 

Andrew West

A.West Property

01223 277277