I am intending to re-mortgage a property that I am currently letting in order to raise capital to invest in a further property, and my intention is to continue to do this over a number of years as property and rentable values increase. I am concerned, however, that there will come a point when the equity in a particular property would not cover the tax due on capital gain from the original purchase value to the current value.
I would be very pleased to know whether my understanding is correct and if so is there a way to avoid this situation occurring.
Thank you in anticipation.
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