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Hi, my name is ***** ***** I am a Chartered Tax Advisor.
Can you please confirm:
Hi. Please accept my apologies that it has taken a while for me to respond.
The amount of equity you have taken out against this property will not affect the amount of CGT payable on its sale, however you will need to factor in the amount you will need to repay to your lender when the property is sold. I attach a rough indicative calculation of the CGT and net proceeds (after repayment of the mortgage). I hope this is helpful.
Kind regards, Peter
Hi. I hope I have answered your question sufficiently. Do you have any further questions on the subject? I am happy to help.