How a turbulent marriage can save you tax
When spouses or civil partners live together, they can have only one residence at a time which will qualify for principal private residence relief. If a marriage or civil partnership breaks down, each party will qualify for PPR relief in their own right.
How to do your property income accounts
All income from all properties must be added together and all allowable expenses from the properties must also be added together and deducted from that income to give the figure assessable to income tax. (or corporation tax for a company)
Flipping - How the MPs do it?
Much has been written about how MPs were “flipping” their second homes to save a few quid in tax, and to claim extra expenses. It is worth pointing out however, that “flipping” a house to save capital gains tax is a perfectly legitimate way to save tax if you have more than one house.