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Hi - I have inherited a property with extensive land. Property
Hi - I have inherited a property with extensive land. Property is in very poor condition and would prob only fetch £100k. ie todays value. If however I were to progress with planning permission, inves… read more
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Hi, my partner & I live together and own our property outright.
Hi, my partner & I live together and own our property outright. We bought a bungalow in April 2011 which we are currently renovating. When the bungalow is finished we intend selling it. Please could y… read more
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My wife and I are about to sell a rented property which we
My wife and I are about to sell a rented property which we bought in joint names for £36K. The selling price is £102000. We have have spent 15,000 over the period on refurb costs over the last 18 year… read more
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I bought a commercial property in 1997 for £35,000 and I have
I bought a commercial property in 1997 for £35,000 and I have sold it for £60,013 in the tax year to 05.04.2011. is the gain taxed at 18% less my allowance of £10,100? I am a basic rate tax payer… read more
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Hi, I bought an investment property with a mortgage 9 years
Hi, I bought an investment property with a mortgage 9 years ago in London in my own name only with a 50% deposit and 50% mortgage - I have never lived there and it has been rented out (all earnings de… read more
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I sold a property in Australia last July 2010 (bought to let
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I am about to gift 50 shares each to my two grandchildren (aged
I am about to gift 50 shares each to my two grandchildren (aged 3 & 6) who live with their parents domiciled in Alexandria Virginia USA. For UK Tax these shares will be vaued at £800 per share and I w… read more
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I am selling a property .I did not live in it, I rented it
I am selling a property .I did not live in it, I rented it out .I paid 130000and am selling it at 200000 . I am aged 70 I pay my income tax @ 20% rate .Will I be paying capital gains tax at 18% or wil… read more
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Hello. My husband and I own a plot of land which we own outright
Hello. My husband and I own a plot of land which we own outright with no debts secured on it etc. It is valued at approx £100-120,000. We live in a rented house and own no properties. If we were to se… read more
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I have an investment property that is rented (separate to my
I have an investment property that is rented (separate to my main home where I live) and I am thinking of selling it. I understand that I will incur capital gains tax on any profit. Is there any way t… read more
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I am not a high rate tax payer and expect to sell a commercial
I am not a high rate tax payer and expect to sell a commercial property for a total capital gains profit of £600,000. What percentage capital gains tax will I pay if I sell the property in September. … read more
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Dear Sirs, I have permission for a second property alongside
Dear Sirs, I have permission for a second property alongside my existing house. In the past I was never keen to build, pay 40% capital gains and devalue my existing house at the same time. At 18% it i… read more
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Basic tax-payer has owned a house since 1997; inherited another
Basic tax-payer has owned a house since 1997; inherited another house in 1998, only ever used as holiday home. Sells house no. 1, moves to house no. 2 to live. Is CGT payable when that house is eventu… read more
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I purchased a property in 1997 for 100.000 and am selling
I purchased a property in 1997 for £100.000 and am selling it for £200.000. I earn £16,000 a year , I am 70. With the recent budget Do I have to pay capital gains at 18% or will the £100,000 gain put … read more
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My wife earns 5,700 per year and I earn 34,000 from my pension.
My wife earns £5,700 per year and I earn £34,000 from my pension. so my wife pays no tax and I pay at the 20% rate. We own a second home where the potential Capital Gain is £225,000, will the CGT be 1… read more
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I am in the UK and due to the emergency budget at lunchtime
I am in the UK and due to the emergency budget at lunchtime today, advising of an increase from 18% to 28% cgt from midnight tonight, I decided to sell £27500 worth of shares I purchased in March this… read more
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My aged parents transfered the ownership of their house to
My aged parents transfered the ownership of their house to my brother and I in March 1997 (value approximately£100,000) and at the same time gave us Enduring Powers of Attorney over their affairs. My … read more
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Hi, I bought a house in 1987 where I lived with my parents,
Hi, I bought a house in 1987 where I lived with my parents, mainly to care for my mother, who died 10 years ago. I then bought my own small house where I live now, a short distance from the first one.… read more
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