UK Tax

UK tax questions? Ask a UK tax advisor for answers ASAP

Connect one-on-one with {0} who will answer your question

Related UK Tax Questions
I am thinking of selling off one of two holiday lets. Both
I am thinking of selling off one of two holiday lets. Both were part-bought with commercial mortgages. If I sell one to pay off the commercial mortgages of both holiday lets, will the money used to pa… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,168 satisfied customers
We are ex-pat Brits living in Spain in rented property. We
We are ex-pat Brits living in Spain in rented property. We became Spanish tax residents in Feb 2007 so have been non UK resident for over 5 years. We own and rent out two properties in UK, one we call… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
My wife and I have owned a buy to let flat since2085,we want
My wife and I have owned a buy to let flat since2085,we want transfer about 50%of it to one or more of our children,to mitigate CG,I understand we have about 21000 pounds allowance jointly,what other … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
My father bought a freehold shop with a flat above in 1983
my father bought a freehold shop with a flat above in 1983 for £32.000 the property was paid for over the years, but in 2007 he gave the shop to me and my brother signed it into our names, we sold the… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
We have a small family run property rental business (so investment
We have a small family run property rental business (so investment co) My Father and Mother both hold shares and are both 79, they are thinking of changing there wills to leave shares, value approx £3… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
899 satisfied customers
Afternoon, I am planning to sell my commercial property and
Afternoon, I am planning to sell my commercial property and I am thinking to use the proceeds to buy another semi commercial investment property. so my question is do i have to pay capital gains tax o… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
899 satisfied customers
My wife and I purchased a commercial property (listed Mill
My wife and I purchased a commercial property (listed Mill Complex) in Sept 08, we inherited 2 tenants who occupy part of the property and pay rent to us the rest of the property is vacant ready for d… read more
TEAP007
TEAP007
Tax Preparer
Fully Trained Inspector of Taxes B1
759 satisfied customers
hi, i have converted a property into 2 flats above 3 shops,
hi, i have converted a property into 2 flats above 3 shops, these flats were empty space so i have read that i able to claim a capital allowance of 100% against renovation costs, but my accountant has… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
My wife and I bought a second home in 1999 for 145,000 of
My wife and I bought a second home in 1999 for £145,000 of which £75,000 was raised through a mortgage. We might sell it for £350,000 ( we have an offer ) but the mortgage is now approx. £125,000. Thu… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,168 satisfied customers
Howdy, Question Can you offset non payment of rental income
Howdy, Question: Can you offset non payment of rental income for a commercial (shop) premises against any capital gain liability when sold? Also, is it poss to offset cap gains by buying another comme… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
i want to transfer my sons share in my property to me for nil
i want to transfer my sons share in my property to me for nil consideration it is with his approval as i paid up the mortgage the property is worth approx £150000 would there be any tax liability for … read more
Sam
Sam
Accountant
Higher Officer HMRC
6,716 satisfied customers
Hi We live in a semi commercial property, shop down stairs
Hi We live in a semi commercial property, shop down stairs and flats up stairs till now the status/use of the property is residential as there was no business in the shop and that is where I slept, I … read more
CCTax
CCTax
Bachelor's Degree
324 satisfied customers
I have one property, flats up stairs and shop down stairs its
I have one property, flats up stairs and shop down stairs its classed as fully residential as there is no business there and thats where i sleep, but me and my son are going to set up a business in ou… read more
CCTax
CCTax
Bachelor's Degree
324 satisfied customers
I have a sand stone villa in Glasgow. I am hoping to split
I have a sand stone villa in Glasgow. I am hoping to split it into two flats and sell off the top flat to pay off my mortgage. Can you advise me will selling the flat will incur capital gains' tax. If… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
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
MBA FCCA CTA
Master's Degree
472 satisfied customers
i am considering buying a holiday let property which i will
i am considering buying a holiday let property which i will let out furnished. currently the property has been gutted ready for a refurbishment - no kitchen, bathrooms etc if I buy it now can i offset… read more
Andrew Baker(baktax)
Andrew Baker(baktax)
Personal Tax Adviser
High School or GED
756 satisfied customers
We are selling our small business for 100,000 which we have
We are selling our small business for £100,000 which we have run for 34 years and was our home for 20 of those years. We spent considerable amounts of money on it for extensions etc. We are now pensio… read more
Sam Pathak
Sam Pathak
MBA FCCA CTA
Master's Degree
472 satisfied customers
Husband and wife in partnership, have a joint lease on a building,
Husband and wife in partnership, have a joint lease on a building, which consists of a retail shop on the ground floor, from which they run their business. Above the shop there is a self-contained fla… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,716 satisfied customers
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.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Sam

Sam

Accountant

6,716 satisfied customers

26 HMRC expertise, PAYE, Self Assessment ,Residency, Capital Gains, CIS ask for Sam Tax

bigduckontax

bigduckontax

Accountant

1,344 satisfied customers

FCCA FCMA CGMA ACIS

TEAP007

TEAP007

Tax Preparer

759 satisfied customers

Fully Trained Inspector of Taxes / District Inspector/ Team Leader/ Offshore Consultant/ 41 years

Andrew Baker(baktax)

Andrew Baker(baktax)

Personal Tax Adviser

756 satisfied customers

35+ years experience in income tax, CGT, non-residence

berduchwal

berduchwal

Accountant

669 satisfied customers

Qualified accountant and bookkeeper running my own practice since 2008.

Clare

Clare

Solicitor

149 satisfied customers

25 years exeperience as a high street solcitor

Mrs-Tax

Mrs-Tax

Tax Adviser

59 satisfied customers

Law Degree, 19 years in UK Tax.

< Previous | Next >

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.

Show MoreShow Less

Ask Your Question

x