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Related UK Tax Questions
I am looking to develop new and renovate existing properties
I am looking to develop new and renovate existing properties in the UK. Some of these properties will then be held as investment properties with most being sold. I also wish to do the majority of prop… read more
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Sam
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have recently sold house owned 25 years and principal private
have recently sold house owned 25 years and principal private residence but also dental practice until 8 years ago - surgery removed and reverted to living accommodation How much is capital gains liab… read more
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I am buying a house with my wife. My wife is in employment,
I am buying a house with my wife. My wife is in employment, I unfortunately have just lost my job but intend to open up as a sole trader doing maintenance and electrics. We are using the equity out of… read more
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I purchased some property many years ago for £8000 if I sell
I purchased some property many years ago for £8000 if I sell for £220000 how much capital gains tax will I have to pay… read more
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I have a builder client who is a sole trader. Most years his
I have a builder client who is a sole trader. Most years his income is derived from small building jobs, extnesions etc. It is not a property development business.He used the business money to buy a h… read more
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I bought a property (Property A) in 2001 and lived in it as
I bought a property (Property A) in 2001 and lived in it as my main residence - with my partner - until August 2008, whereupon I moved in to a property we had jointly bought. Tis property is now my ma… read more
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If I buy a house and resell at a profit then I would be subject
If I buy a house and resell at a profit then I would be subject to capital gains (unless a property trader/developer) who would attract IT rather than CGT. Whilst it is pointless to claim own labour a… read more
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A property was bought in 1999 for 51000 to let as a business.
A property was bought in 1999 for £51000 to let as a business. Also have business as property developer. In order to finance buying a property to develop the rental house was sold. Is capital gains ta… read more
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i have a total taxable income of 30000 2009/2010 and i have
i have a total taxable income of £30000 2009/2010 and i have made a gain of £50000 2010/2011 from a property and i am thing of buying/renovating and selling some more properties. what would be the bes… read more
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We have a bungalow that we purchased in 1991 and after altering
We have a bungalow that we purchased in 1991 and after altering and improving moved into in january 1993, in april 2007 we purchased another property to renovate and move into when finished which we d… read more
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WE HAVE 2 RESIDENTAIL MORGAGES THE FIRST ONE IS FOR A HOUSE
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We run a small bed and Breakfast business in South Glos under
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Hi My husband and I have lived in a house which I own for
Hi My husband and I have lived in a house which I own for 18 years. Prior to this he lived with his ex wife in a property which they jointly owned and the divorce courtordered that he continue to pay … read more
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I have 6 buy to lets. i am filling in my tax return and I see
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I need someone to help fill in my Tax return regarding Capital
I need someone to help fill in my Tax return regarding Capital Gains Tax. I can provide details regarding the date bought/Sold also the property was rented for nearly 4 years before it was sold.… read more
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i am selling a buy to let property after 7 yrs ownership- purchase
i am selling a buy to let property after 7 yrs ownership- purchase price 162,000 sale pprice 190,000 . i have not used up my capital allowance for years! am write that i will pay cgt on 28,000 less th… read more
Sam
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I am newly redundant and am thinking of purchasing a property
I am newly redundant and am thinking of purchasing a property for renovation and selling on - in a sole trader capacity. My husband is already self employed in a diff line of work. In order to purhcas… read more
Sam
Sam
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Higher Officer HMRC
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Hi. My father passed away some 3 and a half years ago. He
Hi. My father passed away some 3 and a half years ago. He left me, among other things, the family home. The probate value of the home was 270,000. One and a half years later (aug 07)I sold the house f… read more
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