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Related UK Tax Questions
I currently own 2 flats in Scotland as follows :- 1. Main
I currently own 2 flats in Scotland as follows :-1. Main Residence. Spare room on Airbnb. Currently on the 'Room To Rent Scheme' (£7,500 tax threshold)2. Rental Property. Recently eligible to be class… read more
bigduckontax
bigduckontax
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Question re Property and rental income.I have a client who
Hi Tony, question re Property and rental income.I have a client who is a 40% Tax payer & has just bought a 2 bedroom flat jointly with her husband (not a client at the moment). They wish to put their … read more
Tony Tax
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High School or GED
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Interest only mortgage on main property as expense for letting
Interest only mortgage on main property as expense for letting property I have a £115,000 "interest only" mortgage (from ~2006) on main property. It was a flexible mortgage, so returned all money in ~… read more
taxadvisor.uk
taxadvisor.uk
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Dear XXXXXI have a question about rent income. Firstly,
Dear XXXXX I have a question about rent income. Firstly, please me assured that I am not expecting a reply this evening. An answer anytime tomorrow will be fine. I have a client who has bought a resid… read more
Sam
Sam
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Hi just completing my online self assessment for my husband
Hi just completing my online self assessment for my husband and I. Apart from our main residence we also have had for several years one rented flat (UK) and a rented holiday home in France. I have bee… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
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i have a property business . buying , repairing , selling and
i have a property business . buying , repairing , selling and renting property. if i buy dilapidated property . make it habitable ,then rent it out , can i claim the costs involved in my return ?… read more
Sam
Sam
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How much dividend i can take for financial year 2011-12 , I
How much dividend i can take for financial year 2011-12 , I have got 7500 as annual salary in my P60 form 4200 as a rent a room option for my flat and 1950 as additional rent after finishing rent a ro… read more
Tony Tax
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High School or GED
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My wife has used a small inheritance to purchase outright a
My wife has used a small inheritance to purchase outright a new build flat for rent. What expenses can she charge against the rental income to reduce her tax liability? Can she include an allowance fo… read more
taxadvisor.uk
taxadvisor.uk
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In October 2009 I got very good tax advice from Sam. I need
In October 2009 I got very good tax advice from Sam. I need to know that the information she gave is still relevant now as I am about to fill in my tax form and implement her formula.… read more
Sam
Sam
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Higher Officer HMRC
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My brother and I bought a house in 2001 and took a mortgage
My brother and I bought a house in 2001 and took a mortgage in our names. the house was for my father (and a base for my brother who is in the armed forces) but completely in our names in terms of mor… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I am jointly buying a house with my partner. I solely own another
I am jointly buying a house with my partner. I solely own another property valued between 110k - 115k I have no source of income other than child allowance whch I receive for our only child. could you… read more
Sam
Sam
Accountant
Higher Officer HMRC
15,712 satisfied customers
I have a situation involving a property the ground floor of
I have a situation involving a property the ground floor of which is let (on a commercial basis) to a dental practice. The upper floor is self contained flat which until January 2010 was also let on a… read more
Sam
Sam
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Higher Officer HMRC
15,712 satisfied customers
My husband and I bought a property in 2005, for our daughter
My husband and I bought a property in 2005, for our daughter (A) to live in and pay all expenses on it during her term there. This cost us : 109,500 for the mortgage, and 60,000 in cash deposits. We t… read more
TEAP007
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I am buying a house with my son. 50/50 on a house of 350k.
I am buying a house with my son. 50/50 on a house of £350k. I am providing £100k cash. We wiill take out a joint mortgage for the £250k. We will get rental imcome from recnting off 2 rooms and my son … read more
Sam Pathak
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I own a 2-bed flat in Tunbridge Wells, England and rent the
I own a 2-bed flat in Tunbridge Wells, England and rent the spare room under the tax-free scheme. If I bought a second home in Aberdeen, Scotland would I be able to rent a spare room in this flat also… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
my husband and I seperated we owned our flat it was in a bad
my husband and I seperated we owned our flat it was in a bad area so no buyers The flat got broke into a good few times so we decided to rent the flat out untill we could sell it We rented it out full… read more
Sam
Sam
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Higher Officer HMRC
15,712 satisfied customers
I think I may haave to pay capital gains tax for a house i
I think I may haave to pay capital gains tax for a house i bought for my daughter and sold in 2002, can I offset any of my costs against it, like repairs or maintenance?… read more
TEAP007
TEAP007
Tax Preparer
Fully Trained Inspector of Taxes B1
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Hello. I would appreciate some advice on CGT. My brother and
Hello. I would appreciate some advice on CGT. My brother and I purchased a property in February 2006 and sold it in December 2007 with an increase of £115,000. It was the only property that either of … read more
TEAP007
TEAP007
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