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Old 21.10.2009, 08:13
markalex markalex is offline
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Re: Tax implications of owning a holiday property?

firam,

If you have the finance available to purchase a holiday property then the taxes you will subsequently pay on it will be inconsequential. The biggest bill will most likely bill the building & contents insurance.

The big banks here count on 1% maintenance costs, so if your property is 1m, it would be prudent to budget 10,000 to cover all. You would almost certainly need less, but better to be sure.
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