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My wife and I bought a buy to let flat in 1985 in her name.(£25k).
My wife and I bought a buy to let flat in 1985 in her name.(£25k). A few years ago she added my name to the register. I've been told that if we were to sell we would only have to pay CG on half of the… read more
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My wife owns a flat which is worth about £200,000 now. She
My wife owns a flat which is worth about £200,000 now. She has owned it for over 12 years. She inherited it from her sister and at the time it was valued at £95,000. Our son has been living in the fla… read more
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My wife (french born but with UK domicile, residence and nationality)
My wife (french born but with UK domicile, residence and nationality) was given a share, together with her five siblings, of her father's flat in Paris in 1997. He died in 1998. Her mother (still aliv… read more
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I am thinking of buying a flat to be shared between my wife
I am thinking of buying a flat to be shared between my wife and two children - 50-25-25. I understand that I may give to my wife free of tax, would my children be liable to pay tax on their share of t… read more
taxadvisor.uk
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Dear XXXXX (if you are still there), May I refer you to my
Dear XXXXX (if you are still there), May I refer you to my original question and your reply given to me last year on 15.06.10.? (There was some kind of reference no. : 40344.6567327199) The time has c… read more
Tony Tax
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My ex-wife wants to buy out my equitable share in the family
My ex-wife wants to buy out my equitable share in the family home we once shared, and which was secured by a legal charge 2.5 years ago. What are the capital gains tax implications/liabilities if i ag… read more
Tony Tax
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I would like some help with calculating my capital gains computation.
I would like some help with calculating my capital gains computation. In particular what the cost value would be, based on the following history: 1960 – Property purchased by parents for £7,000. 1989 … read more
Tony Tax
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I have just sold my childhood home. It was a right to buy property
I have just sold my childhood home. It was a right to buy property . My mum was the tenant & we bought it in joint names. We purchased it in 1989. I took a mortgate out just in my name & I paid it mys… read more
CCTax
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A wifes will provides, in the event of her dying before her
A wife's will provides, in the event of her dying before her husband, for the transfer of her share portfolio into a trust of which the children will become the beneficiaries upon the husband's death … read more
Tony Tax
Tony Tax
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My parents owned their house as Tenants in Common and when
My parents owned their house as Tenants in Common and when my father died in 1993, his 50% share of the house passed to his three children in equal shares, under the terms of his Will. The Inland Reve… read more
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I hold an Australian share portfolio in an online account.
I hold an Australian share portfolio in an online account. My wife does not use her CGT exempt amount entitlement at all. I made a number of disposals of shares during the 09/10 tax year. The combined… read more
Andrew Baker(baktax)
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My wifes mother died some seven years ago and my wife was
My wife's mother died some seven years ago and my wife was the sole beneficiary of the estate. Her mother owned the flat in which she lived in a retirement complex. The flat remained empty until it wa… read more
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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
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Hi In 2008 my mother bought her home from a housing asscociation
Hi In 2008 my mother bought her home from a housing asscociation for a discounted price of £54000 against a survey price of £135000. My sister and I each contributed £27000 to the purchase price. My m… read more
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hi guys, would appreciate some advice on a CGT issue we have
hi guys, would appreciate some advice on a CGT issue we have in our family. my uncle bought a flat around 1979. he subsequently got married to a gold digger and quickly divorced. in order to stop her … read more
Andrew Baker(baktax)
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High School or GED
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Hi, 99 year lease ran out on mothers bought home. My wife and
Hi, 99 year lease ran out on mothers bought home. My wife and I payed to get freehold in mothers name (£12500) in 1999. In 2001 mother transfered ownership to us (solicitors fee only). House valued at… read more
Andrew Baker(baktax)
Andrew Baker(baktax)
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High School or GED
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Hi, Many years before my grandmother died she transferred
Hi, Many years before my grandmother died she transferred the ownership of her flat to her three children (equal share) She died in June and the flat is about to be sold for £152,000(completion is exp… read more
Tony Tax
Tony Tax
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High School or GED
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I will inherit my mother in laws flat in her will, there is
I will inherit my mother in laws flat in her will, there is no morgage. If we add my name to the deeds as joint owners are there any capital gains tax issues please?. I also own my own home with no mo… read more
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