Selling too many props too soon???

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    Selling too many props too soon???

    Hubby and I have a couple of BTL properties.

    In October 2016 we sold one BTL house and paid CGT
    In January 2019, we sold our residential house and moved into a house we built next door.

    However, due to my elderly mother being taken ill, we have decided to now move closer to her, so now need to sell our newly built house in which we have lived for only 7 months (although this will probably be 12 months before it is actually sold).

    My tax questions is: Is there a "limit" of how many houses you can sell over a certain period of time, before HMRC start considering you as a property developer and start taxing you as such????

    Many thanks for any assistance.


    #2
    If there is potentially a huge capital gain on current house if sold and you want to have it covered as your PPR , then perhaps you should consider staying for longer period to avoid being taken as a property trader.

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      #3
      in your case no as there is a reasonable explanation behind them and its inconsistent. so there is no limit as such BUT you might want to consider the annual capital gains allowance , you have one of these each year and it resets each year april 2019 to april 2020

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