raden wrote:

And then, it's liable for capital gains tax ...

Only if you buy and sell the house personally I would have thought.

If you wrap it in a Ltd company created for the purposes of the business
of property development then you ought to avoid that. The tricky thing
then is getting enough money into the company to do the buying and the
work.

One of those occasions where you need advice from a good accountant to
plan not only your operating methods, but also your exit strategy.

--
Cheers,

John.

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