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Please, can you advise? Friend is working as employee and he
HelloPlease, can you advise? Friend is working as employee and he owns 2x houses. In one house he lives and also he rent out one room to friend for money. In second house he does not live but he is re… read more
taxadvisor.uk
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Thanks Tony - though maybe I was not clear enough with my question. For
Thanks Tony - though maybe I was not clear enough with my question. For the first 4 years of joint ownership, this was my brothers residential home and he lived there. So I was paying mortgage with no… read more
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I have given my children a 0% loan to buy and refurbish a house
I have given my children a 0% loan to buy and refurbish a house for rental. They have obtained an 85% mortgage and intend to divert the proceeds to me as a part repayment of the loan. However, there i… read more
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I bought my home in 1996 at around £85,000 and have been living
I bought my home in 1996 at around £85,000 and have been living in it since. It required a lot of repairs and I have over the years spent around £75,000 on it mainly using money borrowed against the p… read more
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Hi. I plan to rent out my house and move into my Fiances
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Do I need to pay tax on rental income from a house in ireland
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If a lady aged 67 buys a flat to let, as an investment, backed
If a lady aged 67 buys a flat to let, as an investment, backed by a loan so there is no tax to pay on the rental income, will her age allowance nonetheless be reduced by half of the amount of the gros… read more
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I have a mortgage on my main private residence in Yorkshire
I have a mortgage on my main private residence in Yorkshire but am now looking at working away from home in London for 2/3 years. I want to rent out my house and then rent at my work location. ?1) Wil… read more
taxadvisor.uk
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Hi-i am renting out my house,and my rental income does not
Hi-i am renting out my house,and my rental income does not cover my mortgage. Do i have to pay tax,as i have tried to use the calculator on the tax return form,and ,according to that,i will owe 800 po… read more
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i bought a flat when splitting up with partner. got back together
i bought a flat when splitting up with partner. got back together and rented flat out . rent is 478 a month mortgage is 596 rent does not cover mortgage . did not live in the flat all how much rax wil… read more
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Hi We currently own a flat which we rent out - we have
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Dear Sir / Madam, I have a property in Scotland that I
Dear Sir / Madam, I have a property in Scotland that I have just started to rent out at £425 per calender month. My actual mortgage is £652 at current SVR %. Do I need to declare this income from the … read more
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Hi I am currently living in Australia with my husband.
Hi I am currently living in Australia with my husband. We are renting our home out in the UK for 800 pounds a month. We are using an agent who is deducting tax. Please can you advise how much tax I sh… read more
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Three years ago we bought a second home with a new mortgage,
Three years ago we bought a second home with a new mortgage, moved into this and let out our original property, for which we set up a new buy to let mortgage to replace the previous residential mortga… read more
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good afternoon, i would like to buy a second property to let
good afternoon, i would like to buy a second property to let out. I would spend max 110,000£ and pay in cash,no mortgage. i live in a property with my patner and we have a repayment mortgage, for 15 y… read more
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Hi, is there a way where I can buy a house (in Scotland) in
Hi, is there a way where I can buy a house (in Scotland) in my name for my gambling addicted brother? I want to avoid paying tax on the technical "rental income" he would pay towards the monthly mortg… read more
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How much mortgage should I retain on an investment property
I own my home outright. I also have a small investment property that is rented out. The investment property is worth £130,000; the mortgage is for £66,000. I want to pay off the mortgage to get income… read more
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