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Tax implications when selling a property
Tackyplum
Posts: 6 Forumite
I am soon to be divorced and will have to sell the family home as a result. I will take 50% of the equity which I intend to invest in another property. My plan is to buy something that needs work and hopefully sell on a for a little profit. I intend to continue to do this until I have enough funds to purchase an ideal property. Each property will be classed as my main residence whilst I carry out the works but intend to only have each property for a few months. Can anyone tell me what the tax implications are/could be. Many thanks and sorry for the very long post.
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Comments
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Is the new home likely to get a parking ticket? Or have you posted in the wrong forumWhen posting a parking issue on MSE do not reveal any information that may enable PPCs to identify you. They DO monitor the forum.
We don't need the following to help you.
Name, Address, PCN Number, Exact Date Of Incident, Date On Invoice, Reg Number, Vehicle Picture, The Time You Entered & Left Car Park, Or The Amount of Time You Overstayed.
:beer: Anti Enforcement Hobbyist Member :beer:0 -
If you are living in it while you renovate and it is your main residence there are no tax implications. Renovate away and move yourself up the ladder! Good luck0
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What's this to do with parking tickets?What part of "A whop bop-a-lu a whop bam boo" don't you understand?0
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Several BPA members have noticed that the house has been parked for more than the 2 hour limit, so they are queuing up to put a "ticket" on it.0
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