A possible client of my self build plots initially wants to purchase a plot, build his new family home and upon him claiming his VAT refund and then take out a normal mortgage at the same time and then as quickly as he can sell the newly built home.
Then buy another plot, build, mortgage and sell again; he is hopeful of doing this on 5 occasions over about 5 years. He will live in each new built property.
He is not a builder, nor is he employed by a firm with any association to the building trade, his intention is to build to a high standard, I believe he will do so.
He has asked me and I now ask this forum will the tax authority accept him selling a number of 'private, family homes' over a small-(ish) number of years and treat them for tax purposes as private house sales.
I welcome any help on this matter.