Sign up to get our free landlord tax strategies


To receive our seven FREE landlord tax saving strategies just simply complete the form below and the first strategy will be emailed to you immediately.

Sign up to get our free landlord tax strategies

Thank You!

Seven FREE property tax busting strategies reveal the secrets of how to legitimately beat the taxman and boost your property profits!
View All Questions

Are you involved in buy-to-sell?

Question

How do you avoid tax when you sell a property that you have bought to do up and sell on?

 

Arthur Says

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 splitting the ownership of shares in and working in the limited company together.

 

 

Case Study

Landlord Tax Secrets Get our SEVEN FREE Landlord Tax Saving Strategies - Guaranteed To Slash Your Property Tax Bills!
Click here for more.

Got a burning tax question?

Why not submit a tax question to our tax advisors

Ask a Question