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Are You Trading in Properties?

Newsletter issue - July 09.

Low property prices are tempting some people to buy residential properties to develop and sell when the market improves. If you intend to do this, the Tax Inspector may argue that you are actively trading in properties, rather than just investing and letting.

If you are considered to be trading in properties it will have the following tax consequences:

Please talk to us about your plans so we can advise you on the tax strategies which will fit your business.