Hi all wondering if anyone can help
Have a VAT registered ltd company that works in construction (subcontracting work doing property repairs and improvements etc). Now looking at branching out and have a side project. The plan is (alongside subcontracting) to purchase a resedential property (no mortgage required as cash buyer) with the ltd companies reserves, improve the property and then either sell immediately or rent out for a number of years before selling.
Does anyone have experience of this? Does anyone know the tax/vat treatment?
Best regards
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