New build development in personal name or through an LTD

Re: New build development in personal name or through an LTD

Postby Incredulum on Wed Dec 14, 2011 8:21 pm

section 44 wrote:What you propose sounds like a trade.


It really is that simple. Even doing this to just one such house (buy, renovate, sell) would constitute a trading transaction. Of course if you had e.g. bought the property to live in, but had suddenly acquired a job on the other side of the country so had to sell, then the situation may be different, but this clearly does not apply to you.
Incredulum
 
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