Can You Avoid Capital Gains Tax By Flipping Houses?
white-and-black-house-photo If you'd like to know more about house flipping in the UK and if it helps avoid Capital Gains Tax, this is the guide for you. House flipping has been on the rise lately but if you want to avoid making any mistakes with potential tax implications, consult a capital gain tax advisor at IBISS & CO. Flipping houses can have certain limitations, which can cause result in taxes decreasing your profits. Whether you want to flip houses to make extra cash or as a source of income, we'll discuss everything you need to know. How Does House Flipping Work? House flipping is a real estate strategy where someone buys a property, keeps it for a short while, and sells it at a profit. Flipping houses means buying a home not for residence but as a real estate investment. It involves speculation about real estate market prices, similar to stock market prices. Sometimes flippers renovate the property to sell it for a higher price. Other t...