more novice questions

[vincent man]

Thanks Karongo for your replyto my last thread

However what is Business asset taper relief?

Does the practice of holding paper happen in this country. My banker tells me that they will forward 75%,mabey 80% on a suitable property. How do i finance the 20-25% . My assets mean that i could mabey put down 30-35k
This is no where near enough to finance the bigger and better deals.

What are the usual expensis other than mortgage repayments.


i've sent of for the commercial property book so i'll read that and see


any help gladly recieved

[Tax Accountant]

Don't live beyond your means.

If you can't afford the deposit then you simply won't be able to buy the property. It is as simple as that. If you have any other properties which have no or little mortgage, you could perhaps re-mortgage them and release some equity to fund the deposits on further property purchases.

Taper Relief is a relief given (like a discount) against any capital gains upon selling capital assets such as properties, shares etc.

Expenses claimable are normally the running expenses eg repairs, insurance etc. Sorry can't go in full details here otherwise there won't be much left for you to search for on the internet.

Ramnik