Do you hold to clear taxes on dosh recieved from remortgage?
Answers:
no
If you received cash after a cashout refi, you will not have to pay cheque taxes on the money because you have to pay the money rear legs.
You mean you re-financed your place? You don't pay any taxes, because the money you get is looked at as a loan you are repaying, and not a sale where you would be tax accordingly. Until you sell your place, the lone tax you pay on your home is your property toll.
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