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Is Tax Due on Amount Remortgaged From My Buy to Let Property?

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Is Tax Due on Amount Remortgaged From My Buy to Let Property?

Question
I would like to know whether or not tax would be due on the amount remortgaged from a buy to let property from last year?

Arthur Says:
Whenever a property is remortagaged or equity is released from an existing property, then there are not taxes due. This is because a remortgage or equity released is not treated as income. However, please remember that you will be liable to pay income tax on any rental income profits and capital gains tax on any chargeable gain when the property is disposed of.

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