Thanks for the replies so far.
It's not proving that easy at the moment sorting this out. I have had a couple of quotes but that only seems to be for FLEE (Fire, Lightning, Explosion, Earthquake) plus what is known as Property Owners Liability.
As I understand it this should be enough to both insure the building to the bank's satisfaction and give me a personal liability insurance. It doesn't seem to cover public liability (i.e. cover any helpers/subbies that I cause injury to).
Am I correct in saying that if I do a search for "public liability insurance" on google I should find something? What sort of figure will I be looking at?
The building insurance is looking to be somewhere between £300 and £400 with a pro-rata rebate when I sell the property.
I have found one all singing all dancing policy which seems to cover absolutely everything, however it is a 2 year self-build/renovate policy which costs £615 and there would be no rebate.
As far as CGT is concerned then there is no way round it unfortunately. We are selling a rental property to help finance the project and will have used up CGT allowance for this year
It is a moot point as to when this changes from being a "project" and turns into a business as far as the revenue is concerned. If this is succesful (i.e. it doesn't lose me any money) then I will buy another house to renovate. My accountant seems to think that the revenue doesn't seem too concerned if someone does 2-3 houses a year, what do you think?
Cheers
Martin