10:33 AM, 28th January 2014, About 10 years ago 9
I know this site is mainly for renting, but a lot of landlords also flip properties so may be able to help.
If I was to buy, modernise and sell 3 properties each worth £100k in a year, hopefully making around 50k total profit (before tax), would I have to be VAT registered on the basis of my total turnover?
If I did have to be VAT registered for developing would I then have to involve my rental business (turns over 70k a year)?
We’re a husband and wife team, what would be the best way to set-up tax wise?