What are the tax benefits of buying a primary residence?

What are the tax benefits of buying a primary residence? What about just an investment property?

 

In the UK the main benefit in buying a primary residence property is the capital gains tax exemption if you were ever to sell your home. From an investment point of view this would depend how you structure your investments, are they in your own name, company, partnership, etc. The amount of debt taken on to acquire property could also play a role in your eventual tax bill. If you're looking to acquire property it is vital that you take professional advice.