Currently viewing the tag: "flipping property"
Flipping Property To Be Made More Difficult By Government

Flipping Property To Be Made More Difficult By Government

Flipping Property To Be Made More Difficult By Government
In A Bid To Boost Revenue

In the week when I have just purchased my first property to flip, the UK Government announced that they are planning to crack down on the profits made by property developers and property investors who flip property.

The Government want action due to the demand for housing greatly outstripping the supply to market and they want a slice of the revenue that they feel the country is missing out on. This could greatly affect my business plans, so I thought I would examine the issue in more detail:

Flipping property is considered by Government to be the process of changing your main residence before selling a property in order to avoid paying capital gains tax (CGT).

However, as many property people will tell you, “flipping” is buying a property at one price and reselling it again within a relatively short time frame (6 month rules apply) at a higher price, whether you have done any work to improve the property or not.

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Top Tips On Flipping Properties In The UK

Top Tips On Flipping Properties In The UK

Property investment is more than just purchasing single buy to let residential properties, there are a host of other strategies that investors can use to profit from property.

Flipping Properties, or buying to sell, buy-refurb-sell, or option to purchase to sell, can make property investors a whole years income in just one well orchestrated property deal, or leave them so financially and emotionally burned that they will be begging their old boss for their old job back that they politely told him where to put.

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