How do I pay less tax when buying and selling property in the US? | Video | CNN

Low-cost buying, remodeling and selling a property, known in English as 'Fix and Flip' is a lucrative business that has become increasingly popular in the United States, fueled in part by television shows.

But many are unaware of the tax rules of this business.

Xavier Serbiá explains what they are and how you can save on the bill.