Amacca,

I see this question a lot and frankly there isn’t a lot of evidence (that I have seen anyway) to suggest of what the impact of doing an arbitrary redirect is. If you bought the domain so that a competitor can’t use it, this is sufficient for stopping them and you don’t need to redirect the domain.

Personally I feel like this strategy promotes a poor user experience. If you are not planning to put content on the domain being redirected, it will be almost impossible to rank it meaning no one will really visit it anyway unless you build backlinks with it.

If it were me I would just park it.

Here is an interesting article on cyber squatting,

How to Protect Your Domain Name from Cybersquatting | Inc.com

Best,

Shawn

[DELETED]

You can redirect your domain by using .htaccess

Such "penalty" does not exist , just redirect it with 301.

Just redirect it, I am guessing your using Cpanel if so do the following.

Login:
Click "addon domain"
add the domain
then click redirects
select for type "permanent (301)
choose your domain (the .co.uk)
in the box below type in your .com domain
then select "Redirect with or without www."
and click "add"