Property portfolios

[Beertjie]

Anyone doing this? How do you avoid Income tax???
We fall under property trading and so have to pay income tax, would prefer to pay capital gains tax. Anyone know a good way round this?

[dudette]

I may be wrong, but have you considered making a Limited Company? I am not sure of the details, but I understand you pay less tax that way ...

[mcamp999]

You don't pay capital gains tax unless you sell the property. Any rental income you receive would be taxed but as Dudette say's there are ways around that. I believe a good accountant is probably the way forward.

Correct, but you will only be able to limit the tax exposure, not remove it all together.