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Flipping MPs – How to Avoid CGT on Your Second Home

We have all read about MPs “flipping” their properties in order to avoid capital gains tax on selling their second homes, but most people do not realise that it is perfectly legal for anyone with a second home or buy to let property to do so.

Click here for a fascinating article in the June issue of Tax Inside Lite.

For more about tax on rented property see Direct Gov. It is advisable to consult an accountant or tax adviser on how to minimise your tax liability. See also the UK Property Tax Portal.

Click here for more information for buy to let investors.

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