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Where Taxpayers and Advisers Meet

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by UpTheOwls88
Wed Mar 11, 2020 3:15 pm
Forum: Capital Gains Tax, CGT
Topic: flipping a hosue
Replies: 3
Views: 833

Re: flipping a hosue

Thank you! so if classed as income tax would i be better off buying in my name soley so as to not pay second property stamp duty?
by UpTheOwls88
Wed Mar 11, 2020 11:22 am
Forum: Capital Gains Tax, CGT
Topic: flipping a hosue
Replies: 3
Views: 833

flipping a hosue

Hello, I am buying a house for 121k for the sole purpopse of flipping it (hoping to make a profit of around 24k). Would profits from this be classed as capital gains or as income tax? I am currently not on the mortgage on the house i share with my partner and so am unsure as to whether to buy this n...

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