Hi guyz . I need a bit of advice. I am in the process of buying my sibling out of our parents house. It will cost in the order of 50-60K to do. I currently have shares mostly purchased in 2002 for approx 46K and now with a value of 105K.
I need to decide whether to take a mortgage or to sell shares to fund purchase. This would be my first house purxhase , so I wonder if it would be better for tax reasons both CGT and mortgage relief, to simply take the mortgage ?
Any suggestions?
I need to decide whether to take a mortgage or to sell shares to fund purchase. This would be my first house purxhase , so I wonder if it would be better for tax reasons both CGT and mortgage relief, to simply take the mortgage ?
Any suggestions?