I have a limited company set up for buying, renovating and selling residential properties. Does the company pay tax on every property it sells or the total profit/loss for all the investments after the end of the tax year?
I So e.g if we spend £500k buying houses, sell them all for £800k then spend the whole of that £800k buying more houses (all within the same tax year) would we pay any tax)
The idea is to keep the profits as low as possible for the next few years and keep reinvesting in new properties. Thank you.
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