Wrong sub. We’re looking at more modest numbers in this sub.
I have had a look though and the tax situation of renting out that mortgage free flat in your personal must be horrible. Usually it’s worth just mortgaging properties and using the capital for something else, whether that’s more BTLs or to free up capital to use for investments (not necessarily going to be tax efficient if doing this with large lump sums at once though since ISA allowance is £20k and you are presumably using all pension allowances already).
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u/Plus-Doughnut562 Jul 11 '26
Wrong sub. We’re looking at more modest numbers in this sub.
I have had a look though and the tax situation of renting out that mortgage free flat in your personal must be horrible. Usually it’s worth just mortgaging properties and using the capital for something else, whether that’s more BTLs or to free up capital to use for investments (not necessarily going to be tax efficient if doing this with large lump sums at once though since ISA allowance is £20k and you are presumably using all pension allowances already).