Hi for my 2 Bobs Worth (The costs of borrowing for your new investment ---- Interest Etc ) will only be allowed to be used against income from that property and not against your normal income .The original borrowings to buy your Home are not deductable and also your Capital Gains when sold are not Taxable . The Capital gains on your Investment property are Taxable. I think that my post is long enough Regards Towie Sell your home then upgrade and live in the new onefor 12 months and sell is a very different result Do not ask your Accountant he will spend 3 weeks work on it and charge you more than your hoped for Capital Gain Towie
