The tax consequences of investing in a home or property in hopes of ‘doing it up and flipping it’ and ‘acting as a property developer’ can be brutal, and you don’t want the HMRC to decide that your actions should put you into the heavier tax burden of a ‘trader’.
So which rate should you be paying, the 18% (or 28%) capital gains tax or the 20% (or 40%) marginal rate for an unincorporated business? If you’re not sure, we should really sit down for a talk!