Author
Michael Quinn has 30 years experience as a Chartered Accountant and over 20 years as a practicing Lawyer. He is the Director and Co-Founder of The Quinn Group.
One downfall to renting out an investment property is the capital gains tax (CGT) that will be payable upon the sale of the property. CGT is the tax charged on capital gains that are procured from an asset. You are liable to pay this tax when your capital gains exceed your capital losses in an income year.
Michael Quinn examines whether prepaying interest in the current low-rate environment makes financial sense for investors.