Second Property Tax

[xtrmntr75]

After years of humming and hawing I've decided to buy a house for Mrs X and I to live in. Currently, I have two flats, one I live in, the other I rent out. I'm also a guarantor on a mortgage for a wee flat Mrs X's daughter lives in (she pays the mortgage and will eventually have only her name on the mortgage). I intend to sell both flats. For any accountants looking in does me being a guarantor on another mortgage make me liable for this second property tax and is there a way around it?

[Buc]

Looks like we don't have any accountants on here but I'm sure we have financial advisors..

Depending on location of the flats its maybe worth keeping and renting with some luck over a 10 year period you may double your money.

[xtrmntr75]

Thanks for the reply and advice Buc

[Buc]

Thanks for the reply and advice Buc

Not sure if its any good but its a reply ..

[milne_afc]

Buy low, sell high.

[Mason89]

Don't buy pork bellies now, the price will keep dropping.