Markowitzman, just to clarify, yes there would be a clawback of relief if you sell the investment within the 10 years. However, as far as I understand it all the original relief is available to the new purchaser over however many years of the 10 remain. So on the one hand you have a clawback but on the other it can be attractive to someone with a lot of rental income to shelter in a short space of time. But the fundamentals of the deal still need to be examined carefully to see if you are buying will hold value once the tax relief is used up.