Hi All
I am thinking of buying a property to renovate and sell. I am currently at the stage where i am researching all of the costs associated with buying and selling a property.
I am currently renting a property with my partner and the property i intend to buy is purely a project, in which i would like to complete and make some profit from when i sell the property, while still renting out the house i currently live in from my landlord.
One thing I would like to know is: Are any profits made from selling the property taxable via Capital Gains Tax?
Many Thanks
I am thinking of buying a property to renovate and sell. I am currently at the stage where i am researching all of the costs associated with buying and selling a property.
I am currently renting a property with my partner and the property i intend to buy is purely a project, in which i would like to complete and make some profit from when i sell the property, while still renting out the house i currently live in from my landlord.
One thing I would like to know is: Are any profits made from selling the property taxable via Capital Gains Tax?
Many Thanks