Are you involved in buy-to-sell?
How do you avoid tax when you sell a property that you have bought to do up and sell on?
The profit on selling a property that you have bought to do up and sell on is subject to income tax, not capital gains tax.
If you have bought it already, it is a bit late to ask the question.
If not, it may be worth your while purchasing it through a limited company. That way you can save yourself 3% tax, i.e. the difference between 22% basic rate income tax and 19% corporation tax, and also save yourself Class 2 and Class 4 National Insurance.
This assumes that you are a basic rate taxpayer.
If you are a higher rate taxpayer, it may be worth your while considering going into partnership and working together with someone you trust who is a basic rate taxpayer, either as a partnership, or spli
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