Investors must grasp the distinctions between refurbishment, renovation, and refurnishing from the outset. It’s a common misconception to consider these terms interchangeable, assuming they convey the same meaning.
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Does Flipping Houses Avoid Capital Gains Tax in UK?
TL;DR. If you flip houses regularly as a business, HMRC usually taxes your profit as trading income (Income Tax plus Class 4 National Insurance), not Capital Gains Tax