Equity Release Taxation – is there Any Liability to VAT or Taxes?
For many people considering equity release, taxation is one of the last considerations they think of. The cash lump sum received through an equity release scheme is classified as a withdrawal of the capital from your home rather than an income; it is not subject to income tax. However, there are still a number of financial implications involved in this type of arrangement. Taxation While there is no liability for income tax on the lump sum received from equity release,...
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