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My husband and I bought a BTL flat in 2006, which has been
Hi Sam, My husband and I bought a BTL flat in 2006, which has been solely in his name. we are in the process of changing mortgage providers and are considering transferring the mortgage into joint nam… read more
bigduckontax
bigduckontax
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My new wife inherited a villa in turkey, we have lived in this
My new wife inherited a villa in turkey, we have lived in this villa for 5+ years for an average 11 months each year. on her divorce 9 years ago she bought a flat which is in negitave equity and is le… read more
TaxVince
TaxVince
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We live in Greece, have a flat in London with mortgage which
We live in Greece, have a flat in London with mortgage which our daughter lives in. We would like to give it to her but cannot afford to pay off all the mortgage. Is there a way we can pay off the amo… read more
Sam
Sam
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Higher Officer HMRC
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dear sirs I hope you may be able to answer my query. my
dear sirs I hope you may be able to answer my query. my accountant has called to infirm me that I have to pay CGT on a property that was my sole residence for 5 years. The story is as follows: 2001 I … read more
Tony Tax
Tony Tax
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I separated from my husband 7 years ago (no official document)
I separated from my husband 7 years ago (no official document) and bought a flat. I have just sold it and am told that I need to pay capital gains as my husband's house is still my primary residence. … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Hi, If we were to remortgage the property what effect would
Hi, If we were to remortgage the property what effect would this have on CGT, for example could we use the remortgage to improve our home? pay off debts or would we have to use it for improvements on … read more
Tony Tax
Tony Tax
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High School or GED
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Hello I have a question about how to estimate what my Capital
Hello I have a question about how to estimate what my Capital Gains Tax would be if I sold my flat. I bought in jan 2007, lived in it for 2 years ( moved out feb2009)and have been renting since. if i … read more
Tony Tax
Tony Tax
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I am currently letting my original family home in Edinburgh
I am currently letting my original family home in Edinburgh and living and working in glasgow with my new partner. We are not married but bought a house together. My home in Edinburgh is therefore not… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,712 satisfied customers
We live in a property with a shop below and flat above it is
We live in a property with a shop below and flat above it is currently classed as one residential property as there is no business in the shop and thats where I sleep in the shop, however I have now d… read more
Sam Pathak
Sam Pathak
Chartered Tax Adviser
Master's Degree
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I have a flat that I inherited, about 2 years 7 months ago.
I have a flat that I inherited, about 2 years 7 months ago. and I have let it since then. the letting period has been continuous for about 2 years. The property has not gone up in value. Will I need t… read more
Andrew Baker(baktax)
Andrew Baker(baktax)
Personal Tax Adviser
High School or GED
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Hi, question on CGT - I purchased a flat in Oct 1993 with my
Hi, question on CGT - I purchased a flat in Oct 1993 with my mother for £57,750 - 75% in my name and 25% in my mother's name. Her share was subsequently transferred to my sister some 8 years ago. Ther… read more
Sam
Sam
Accountant
Higher Officer HMRC
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i am buying a flat for 200,000 cash. I am going to fund this
i am buying a flat for £200,000 cash. I am going to fund this from some of my fathers invested money using my power of attorney. For tax purposes, is it best to have this flat in my name,joint names o… read more
Sam Pathak
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Master's Degree
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Hi I bought a house in 2002 with my girlfriend. I bought
Hi I bought a house in 2002 with my girlfriend. I bought a second property in 2004 and have lived in this property since. My girlfriend has carried on living in the first property (under a joint mortg… read more
Sam Pathak
Sam Pathak
Chartered Tax Adviser
Master's Degree
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Hi, My wife and I bought a flat 15 years ago as a second
Hi, My wife and I bought a flat 15 years ago as a second property. During the last 15 years we have used the property ourselves for a few brief periods probably totaling 2 years. Our son has lived in … read more
Sam Pathak
Sam Pathak
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i purchased a villa in cyprus in 1982 for sterling 21,300 i
i purchased a villa in cyprus in 1982 for £ sterling 21,300 i propose to sell it in the near future for around 140,000euros. there is obviously a capital gain. as a permanent uk resident during all of… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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My wife and i purchased a flat in Edinburgh in 1996 and sold
My wife and i purchased a flat in Edinburgh in 1996 and sold it in 2004 with a profit of circa £39k . we rented this flat out.I went to work away from home in wiltshire and purchased a flat in june 20… read more
Andrew Baker(baktax)
Andrew Baker(baktax)
Personal Tax Adviser
High School or GED
756 satisfied customers
Two unconnected people own 18 residential properties jointly
Two unconnected people own 18 residential properties jointly that are let out. They wish to split them up so that each owns 9 individually and each has a worth of the same as the other after the split… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
My daughter is currently living in Glasgow and working in Edinburgh.
My daughter is currently living in Glasgow and working in Edinburgh. She was hoping to sell her flat in Glasgow and buy one in Edinburgh but due to the current economic climate she is now planning to … read more
TEAP007
TEAP007
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Fully Trained Inspector of Taxes B1
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