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Related UK Tax Questions
We own a house in UK as residential property between 2012
We own a house in UK as residential property between 2012 and 2016. And then we converted it to buy to let property and we moved out. We are currently selling this buy to let property. The property wa… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,885 satisfied customers
My wife and I just sold a buy-to-let property for £410k and
My wife and I just sold a buy-to-let property for £410k and paid off the £172k mortgage, so received £221k profit (after various other expenses incl fees). we paid £173k for the place in 2000 and have… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I have a property in France. Owned for 25 years so no French
I have a property in France. Owned for 25 years so no French CGT payable. How do I work out the UK tax payable if we sell?… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I would be grateful for advice on how to calculate CAPITAL
I would be grateful for advice on how to calculate CAPITAL GAINS TAX on a property I am selling – I find the HMRC web guidance unclear in some places There are three parts to my question. Background I… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,885 satisfied customers
MY WIFE AND I ARE BRITISH AND BOTH HAVE LIVED AND WORKED IN
MY WIFE AND I ARE BRITISH AND BOTH HAVE LIVED AND WORKED IN THE UK ALL OUR LIVES. WE HAVE JOINTLY PRIVATELY OWNED OUR BUSINESS PROPERTY SINCE 1990. THE PURCHASE PRICE WAS AROUND £50,000. WE NOW WISH T… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,885 satisfied customers
I am about to sell part of the back garden of our second (holiday)
I am about to sell part of the back garden of our second (holiday) home, which I and my wife purchased 25 years ago. I had believed that we were entitled to an indexation allowance and a tapering allo… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I bought a second home in 1996 and am planning to sell it this
I bought a second home in 1996 and am planning to sell it this year. I thought there were annual reliefs which you could deduct plus buying and selling costs before then applying the annual tax allowa… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
My partner has a property which he purchased with his previous
My partner has a property which he purchased with his previous partner 10 years ago. Earlier this year he bought her out of the property and is now the sole owner. He lives with me. If we were to buy … read more
Sam
Sam
Accountant
Higher Officer HMRC
6,885 satisfied customers
My ex husband and I bought a flat 280,000 approx with a mortgage
My ex husband and I bought a flat £280,000 approx with a mortgage of £230k 7 years ago, we got divorced 5 years ago transferring the property to me at £280000. I have a mortgage of £226,000 and it is … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
My husband and I separated in 2006 and later that year we put
My husband and I separated in 2006 and later that year we put our marital home into my sole ownership and a rental property we co owned into his name only. I still own a rental flat in my name only. H… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,885 satisfied customers
Hi, a question on CGT, I have 2 homes now, my first home I
Hi, a question on CGT, I have 2 homes now, my first home I lived in from 1997 to Nov 2006 apart from one year (May 2003-May 2004) when it was rented out whilst I worked abroad. Since Nov 2006 to the p… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
We have three houses. We own two in scotland and live in one
We have three houses. We own two in scotland and live in one in england. We would like to know how much capital gains tax might be due if we sell one of the scottish properties. We lived in it for a y… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,885 satisfied customers
I purchased a flat in December 1999 for 68,000 and have rented
I purchased a flat in December 1999 for £68,000 and have rented it out ever since. Before I purchased it, I was intending to live in it but very soon decided to live in another persons house for finan… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Hello. We have a buy to let property which were thinking
Hello. We have a buy to let property which we're thinking of selling and were wondering about the tax implications and how much ( if anything ) we would walk away with. I bought the flat in 1996 and l… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
My friend and I were in partnership, we purchased a piece of
My friend and I were in partnership, we purchased a piece of land in 1988 and sold it in 2006. Is this a business asset for capital gains ie. taper relief. It was the only land bought by the partnersh… read more
TEAP007
TEAP007
Tax Preparer
Fully Trained Inspector of Taxes B1
759 satisfied customers
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
Sam
Sam
Accountant
Higher Officer HMRC
6,885 satisfied customers
My wife and I sold a second property we jointly owned. Bought
My wife and I sold a second property we jointly owned. Bought in 2002 for £145k sold in 2009 for £192k.are we eligible for taper relief up to point where the tax changed to 18% and what is your estima… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,885 satisfied customers
My wife and I jointly owned an investment property from August
My wife and I jointly owned an investment property from August 1999 to 14 April 2008 when the property was sold. The capital gain is £53000. The property has never been used as our principal residence… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
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