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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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. We're just selling a buy to let property which is in
Hello. We're just selling a buy to let property which is in my wifes name, netting a capital gain of around 50k. she's a lower rate tax payer and has no other capital gains this year. neither do i. I … read more
bigduckontax
bigduckontax
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Filling out form SA108 (Capital gains summery) Example year --------------------
Filling out form SA108 (Capital gains summery) Example year -------------------- 10 to 11 £5000 loss 11 to 12 £1000 gain (under my allowance £10600) is losses available to carrry forward to later year… read more
Tony Tax
Tony Tax
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Jointly own a piece of land with my wife which we are thinking
Jointly own a piece of land with my wife which we are thinking of selling. Will the CGT be split between us? The land is attached to a property which i inherited will cgt still be charged as the sum w… read more
TEAP007
TEAP007
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Fully Trained Inspector of Taxes B1
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In tax year 2010 / 2011 I made four disposals of a Virgin Tracker
In tax year 2010 / 2011 I made four disposals of a Virgin Tracker Unit Trust - total disposal proceeds £75,000, allowable costs by applying the average cost of the acquisitions of £62,435 and thereby … read more
Tony Tax
Tony Tax
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High School or GED
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Hi, My company sharesaver scheme has just reached its maturity
Hi, My company sharesaver scheme has just reached it's maturity and I have opted to buy roughly £42k of shares at an excercise price of £9.6k and would like to reduce my gapital gains exposure as far … read more
Tony Tax
Tony Tax
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High School or GED
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CGT I received a number of shares from my employer over the
CGT I received a number of shares from my employer over the period 2002 -2008. I actively sold the shares over the period and ensured my gains did not exceed the CGT threshold. I also transferred shar… read more
Tony Tax
Tony Tax
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I have 12,333 capital gains losses on shares brought forward
I have £12,333 capital gains losses on shares brought forward from 2009/10. In the current year shortly ending I have £14,212 gains and £17,315 capital losses. Should I add the net loss to that brough… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Hi Andrew, another question for you - you wont recall what
Hi Andrew, another question for you - you wont recall what I said in my other question, perhaps, but I live outside UK and am completing UK tax return for a flat I rent out and has never made a profit… read more
Andrew Baker(baktax)
Andrew Baker(baktax)
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High School or GED
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I have a number of questions relating to calculating CGT on
I have a number of questions relating to calculating CGT on shares sold; Is CGT on shares calculated against a weighted average value of the shares or LIFO? I've transferred shares to my wife in the p… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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Dear SamTax, I sold a flat (in the UK) last July for about
Dear XXXXXTax, I sold a flat (in the UK) last July for about £220,000. I have owned up to four properties in the UK in recent years but I think I have never declared to the I.R. which are my Principal… read more
Sam
Sam
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Higher Officer HMRC
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In January 06 my wife invested 4068 in Anglo Irish Bank shares
In January 06 my wife invested £4068 in Anglo Irish Bank shares followed by a further £2940 in January 08. The bank was nationalised 21.1.09. Our loss looks total but there seems to be a likelihood of… read more
Tony Tax
Tony Tax
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High School or GED
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Capital Gains Tax question. I bought company shares via an
Capital Gains Tax question. I bought company shares via an employee purchase scheme 25 years ago. The deal was to commit to a number of shares and 2 years of deduction from salary to pay for them - af… read more
Tony Tax
Tony Tax
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I might be facing a VERY large CGT bill from AIM FI oil exploration
I might be facing a VERY large CGT bill from AIM FI oil exploration shares . Is there a legal way to defer CGT by for example creating a limited company and then purchasing a business with reference t… read more
Julie Kingham
Julie Kingham
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Hi My wife and I have a house in France, which I purchased
Hi My wife and I have a house in France, which I purchased in 2002, and am now considering selling it. I understand that French Capital Gains tax is at present running at 18%. After the French taxman … read more
Tony Tax
Tony Tax
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High School or GED
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I have some long term share options vesting in January, and
I have some long term share options vesting in January, and am a higher rate taxpayer while my wife is not. If I elect to transfer the shares to her when they vest would it be possible to only pay tax… read more
Andrew Baker(baktax)
Andrew Baker(baktax)
Personal Tax Adviser
High School or GED
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My wifes SAYE scheme recently matured. She was entitled to
My wife's SAYE scheme recently matured. She was entitled to buy 6610 shares at £2.50 each at a total of £16525. Filling the form in, she elected sell 2500 shares immediately, transfer 2010 shares to m… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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Dear Sir/Madam, I am proposing to admit an employee to partnership
Dear Sir/Madam, I am proposing to admit an employee to partnership . The intention is that the freehold property will be transferred into the joint names. If the property is revalued there will be a c… read more
TEAP007
TEAP007
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