clueless2019
Registered User
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- 15
This might be a bit insensitive due to housing crisis, and people generally struggling,
But I wonder if its a good investment to move house and buy something more expensive. The circumstances:
1. Pension contributions use up all tax free allowances as a percentage of salary
2. a buy to let or other investments are subject to dividends tax or CGT
3. No CGT on principle private residence
3. Houses generally increase with inflation irrespective of boom/bust. land is a limited resource.
i dont need a more expensive house, im happy in my area and dont need anything bigger.
but its an asset investment that i can enjoy. Alternatively i could use the interest payments, about 3000euro per year for each 100k borrowed on enjoying life, but i wouldn't have anything to show for it. any views greatly appreciated.
But I wonder if its a good investment to move house and buy something more expensive. The circumstances:
1. Pension contributions use up all tax free allowances as a percentage of salary
2. a buy to let or other investments are subject to dividends tax or CGT
3. No CGT on principle private residence
3. Houses generally increase with inflation irrespective of boom/bust. land is a limited resource.
i dont need a more expensive house, im happy in my area and dont need anything bigger.
but its an asset investment that i can enjoy. Alternatively i could use the interest payments, about 3000euro per year for each 100k borrowed on enjoying life, but i wouldn't have anything to show for it. any views greatly appreciated.