When flipping taxes may trip up property developers
Property market commentators are divided on whether 2024 will see a further dip in house prices, while buyers play “wait and see” on the mortgage market. Meantime, many starter property developers are once more being drawn into the sector, with the lure of fast profits to be made while the market is slow. There are lots of advice available on making money from property, there is caution to be taken on the tax bills that investors may encounter if they are successful in building a portfolio or ‘flipping’ property by…