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Old Jan 13, 2007 | 09:25 AM
  #48  
GARETH T's Avatar
GARETH T
Professional Waffler
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Joined: May 2003
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From: barry-south wales
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Originally Posted by Tony Ryan
Avoid capital gains tax by living in the house you renovate or at least renting on the quiet while you do it , as long as its your principal residence you pay nothing . I started a ltd company to cover myself , only pay 18% income tax and all the bills go against that , never paid any real tax and haven't done too bad
Good luck !

i thought there was a cap on how many you could do this to and pay no tax?