Property renovation

[Sparkysean]

im currently employed as a electrician, I own my own home and am in the 25% tax bracket.

I'm looking at purchasing a second house to renovate & sell in a fairly short period, would I be better going self employed and sub contracted to the company I currently work for while doing the renovations (if it goes to plan, it would then lead to another) or does it make no difference? Thanks

[bd6759]

Why wou dyou give up the protection of an empoyment?

If you embark on a rennovation project you will be "self employed" for that project and will pay income tax on the profits. This does not affect your status as an employed electician.