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What about the mortgage? Interest on a mortgage on the property is normally tax relievable but at a rate that does not exceed the purchase price of the property. Unsure of your situation?… please call. Capital Gains Tax Any profit made on the disposal of your property is a CGT event and needs to be calculated and included on your tax return. Certain deductions are allowable. Make sure you are not paying too much. What we are able to offer: Preparation of Income Tax returns. Property rental statements. Capital Gains calculations.
