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Buying a built property and selling it after working on it.

If I buy a house that needs a lot of work doing to it and sell it later do I have to pay tax or anything? It will be in my name as a normal house.

Asked on Dec 12 2009, Home Improvement in Gainsborough | Report content

Answers (1)

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  • There is no tax to pay when you sell your principal home. But what you will pay when you sell again are solicitors fees and agency commission (if you use an Estate Agent), and HIPS (unless there's a change in the law). Make sure you comply with Planning and Building Regs if you're going to do any major works because if you don't that could be very costly!

    Answered on Feb 4 2010, Report content

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