wizard of Tauranga
π
Ironman
- Thread starter
- #16,181
You can say that flippers pay tax until your blue in the face Mike but it doesnβt support the CGT agenda so he will be posting the same misinformation again next monthβ¦Because theyβre a business (βin the tradeβ), they would pay tax on the income in the same way a shop would pay tax on their sales. Because they flip the houses before the sale is finalized, they would get caught up by the Brightline requirements.