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  • CGT on property flipping

    I have read in many places that property flipping is not considered an investment and therefore CGT is not applicable but can't find anything about this on government sites. If an employed individual purchases a second property and then later sells it, having never let it out or resided there and generates a profit, this would not be liable for CGT? Please can you confirm if this is correct and if there are any parameters around this such as time constraints etc.