You will have all seen the house style type progs that pervade peak time tv viewing. The type where someone buys another house,does it up a bit and sells it for a profit. Now then,as they dont live in it and they already have a permanenet home,surely the developed property is subject to CGT when sold? If this is so,it never seems to get a mention on such programmes...I wonder how vigorously the taxman pusues this?
It's technically liable for Income Tax, though I imagine lots of people try for and get it taxed using CGT.
Ms Beeny mentions it frequently
with vigor - if he finds out.
tim
tax evasion on national TV ! tee hee.
bit like the dole swindler on wife swap, the DSS or whatever they are called today were watching. Undeclared earnings from TV appearance etc etc.
Phil
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