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We purchased a flat in December 2011 in both mine and my wifes
We purchased a flat in December 2011 in both mine and my wifes names, with a view to renovating it and selling on I inderstand that we have a capital gains allowance of £10,200 each to offset against … read more
taxonomy12
taxonomy12
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I purchased a buy to let property some time ago. I now wish
I purchased a buy to let property some time ago. I now wish to sell it and use it to pay off some of the mortgage on my principal home. Will I be required to pay capital gains taxs?… read more
Sam
Sam
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Higher Officer HMRC
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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
Sam
Sam
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Higher Officer HMRC
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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
Sam
Sam
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Good morning, my parents transferred their home to myself ,brother
Good morning, my parents transferred their home to myself ,brother and sister many years ago( >7) to avoid the risk of having to sell it to pay for e.g. social / healthcare in later life. There was… read more
Sam
Sam
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Sam Could you please just clarify the CG tax payable for
Sam Could you please just clarify the CG tax payable for a sale of a property. Owned jointly between two people. father and son. Purchase Price 114,009 Purchase Costs Deed 288 Solicitors 1,019 1,307 T… read more
Sam
Sam
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My sister died intestate. I am the administrator for her estate,
My sister died intestate. I am the administrator for her estate, which is now almost complete. Solicitor has paid inheritance tax & now my sisters property has been sold and the three benefactor's hav… read more
Tony Tax
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My mother died 23/04/2009. I was awarded probate and was the
My mother died 23/04/2009. I was awarded probate and was the sole beneficiary. Her house was left to me but as it was the subject of a charging order I could not take ownership and it remained in her … read more
Tony Tax
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We are a married couple in our fifties, we sold our house in
We are a married couple in our fifties, we sold our house in the Uk 18 months ago and moved to Malta where we rent a property and are living off the proceeds of our house sale. In the meantime my wife… read more
Sam
Sam
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My husband and I purchased a holiday cottage 5 years ago for
My husband and I purchased a holiday cottage 5 years ago for £40,000. The house needed a damp proof course and wood worm treatment. They survey at the time valued the property following completion of … read more
Sam
Sam
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Higher Officer HMRC
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In year 2000 I lost my job, sold my house and met a woman. Basically
In year 2000 I lost my job, sold my house and met a woman. Basically I can show from my bank accounts that I spent £50,000 in the 4 years that I was living with her. That went on £33,000 for half the … read more
Sam
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I jointly own with my husband a studio flat in Islington valued
I jointly own with my husband a studio flat in Islington valued at £200,000 in July 2009. We have a buy-to-let mortgage on this and have let it since we bought it. The purchase price was about £62,000… read more
Andrew Baker(baktax)
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High School or GED
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My partner and I have split up. We have four rental properties. House
My partner and I have split up. We have four rental properties. House A, Purchase Price £36k, Purchase Year 1998, Current Value £80K,Mortgage £31K House B, Purchase Price £81K, Purchase Year 2000, Cur… read more
Sam
Sam
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Higher Officer HMRC
6,574 satisfied customers
My mother transferred her house into mine and my sisters name
My mother transferred her house into mine and my sisters name about 10 years ago and has now moved into a council bungalow where she pays rent. she now wants to sell the house, will she, or my sister … read more
Andrew Baker(baktax)
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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
Sam
Sam
Accountant
Higher Officer HMRC
6,574 satisfied customers
I built myself a new house 2 year ago on land that I have owned
I built myself a new house 2 year ago on land that I have owned for 10 years. I moved in to the house when it was finsihed in January 2008. In November 2008, I rented the house out for 6 months becaus… read more
TEAP007
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Fully Trained Inspector of Taxes B1
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Hi Two years ago my wife and I wound up our failing business
Hi Two years ago my wife and I wound up our failing business after eighteen years of trading. Since then we both have not worked. Around the same time my wife inherited her fathers home on which no ca… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,574 satisfied customers
My parents have no equity in their property. If I buy the property
My parents have no equity in their property. If I buy the property from them at a reasonable market price (effectively terminating) their mortgage, what are the tax implications, if any, of lertting t… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,574 satisfied customers
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Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

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