If you have invested in rental properties as a means of boosting your income, property tax advice can help you to maximise your capital gains when it comes to time to sell.
With the rental market looking increasingly turbulent during the economic upheavals that have gripped the UK recently, you might find the earnings from renting out your spare homes do not outweigh the hassle.
The Association of Residential Letting Agents, for instance, reports that two fifths of its members have seen more rent arrears among their tenants in the past six months.
For the Greater Manchester region, ARLA spokesman Philip Chadwick says tenant demand on two and three-bedroom homes is high, so little haggling is taking place, but on larger properties there is greater supply and would-be occupants are trying to negotiate downwards on their rent.
Meanwhile, the National Association of Estate Agents reports first-time buyer demand for homes for sale is at its highest level since May 2011, accounting for 24% of the market in March 2012.
With this in mind, you might find it is easier to sell your rental properties and convert those assets into capital – something our property tax advice can help to make sure you maximise.