If you decide to sell an investment property for more that you bought it for, you will probably have to pay Capital Gains Tax. This is a tax on the amount you’ve gained from selling, not on the whole amount.

Stamp Duty Land Tax is another tax you need to be aware of. However, this only applies to property valued over £125,000 or £150,000 for non-residential properties.

This answer depends on a few different things.

• If you’re a first-time buyer – Stamp Duty won’t apply to your first residential property if it’s under £500,000 in value
• How much you’re buying and selling the property for
• Whether you have bought and own any shares in property.

Aside from this, you will also need to pay Income Tax or Corporation Tax on your profits. That’s a whole lot of tax to think about. If you’re unsure about anything property investment tax related, you could benefit from professional guidance.

Whatever your circumstances and tax needs, Countplus can support you every step of the way with our wealth of knowledge in the property sector.