Specialist Dental Accountants for over 28 years - Call 020 8346 0391 

He (Mac) has helped me as my practice has expanded from single-handed to a six surgery/8 dentist practice.

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Amateur property developers could be next in line to fill the taxman’s pockets.

Soaring house prices and low interest rates, coupled with the popularity of TV property shows, have fuelled a boom in refurbishing run-down houses over the past few years, meaning many individuals have ploughed their money into more than one property.

But those who have turned their hobby into what could be defined as a trade should tread carefully as they might be faced with a huge tax bill.

Sources revealed that if the taxman decides the primary purpose of the acquisition or expenditure is to sell the property at an early date for a profit then those carrying out the project will be liable to tax, even if the family live in the property.

We take great pride in our service, and would be delighted to invite you for a free 1 hour, no obligation meeting at our comfortable offices. Simply call us  on 020 8346 0391 to arrange a mutually convenient time.

This web-site was last updated on 29/07/2008

Specialist Dental Accountants for over 27 years.

Copyright © 2003-2008 Mac Kotecha & Company. All rights Reserved. The information on this site is for general guidance only. It is essential to take professional advice on specific issues about their impact on any individual or entity. No liability can be accepted for any errors or omission or for any person acting or refraining from acting on the information provided on this site.

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