There are some great benefits to owning multiple properties. Still known as one of the most reliable investments given the low interest rates, lots of people opt to purchase additional properties with hope of protecting their futures. But did you know that you have a legal obligation to let HMRC know which one of your properties is your main residence?
It may seem like an easy task, but there are some pros and cons to flipping your permanent residence. To find out more download our latest guide.
You can download the full guide here
Some people may live between multiple properties, and there is a certain criteria’s that must be met to count your property as your main residence. We’ll cover all that and more in our latest guide which includes the below;
- The meaning of a main residence
- Capital Gains Tax
- Is flipping still worth it?
- Relief and its limits
- Claiming the relief
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