Tax Benefits
Certain tax benefits may be available for investments in furnished holiday home lettings, these include:
1) No Stamp Duty. Land Tax payable.
2) Taper Relief. Capital gains tax may be reduced to 10%.
3) Capital gains roll over relief.
4) Tax relief on the interest paid on a property loan.
5) Running costs offset against income.
6) Losses set against other income.
7) Gift relief during lifetime
8) Inheritance tax relief - payment instalments.
Further information is available, however neither the Vendor nor their agents are providing investment advice. Purchasers must take their own professional advice.
IMPORTANT NOTICE
Salcombe Park Limited give notice that this brochure is produced for general promotion of the development and for no other purpose. Particulars are set out as a general outline only and do not constitute part of an offer or contract. All dimensions, descriptions, references to conditions for use and occupation and other details are given in good faith and are believed to be correct, as at the date of publication, but no warranties or representations are made as to their accuracy and any intending purchasers should not rely on them as statements of representation of fact. Details and specifications may be subject to variation and intending purchasers must rely on their own enquiries and satisfy themselves by inspection or otherwise as to the correctness of each item. Intending purchasers should be aware that particulars may change at any time after publication. Neither the vendors nor their agents or any person in their employment has any authority to make ant representations or warranty or guarantee (whether written or not) in relation to the development or any part thereof.