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Related UK Tax Questions
My partner and I are both now retired since selling our business
My partner and I are both now retired since selling our business in the UK in March 2013. My question concerns CGT and whether to continue as a business partnership. The facts are as follows:- the bus… read more
Tony Tax
Tony Tax
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High School or GED
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I am selling my house in Africa to a Bulgarian gentleman. If
I am selling my house in Africa to a Bulgarian gentleman. If he sends the money from Bulgaria to me in th UK will I have to pay any UK tax on the sum received. The sale price is $282,000… read more
bigduckontax
bigduckontax
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TAX UK - In November 2004 I took a 15 year lease on a building
TAX UK - In November 2004 I took a 15 year lease on a building in Greenwich, London, at £4500 per quarter from Landlord, John. From July '06 until March '09, I had a licensee who ran the place as a re… read more
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I own a property which I lived in since 1998 it was gifted
I own a property which I lived in since 1998 it was gifted to me after my mother died in 2006 April (value 155k) I continued to live in it until october 2006, i then rented it and moved out and bought… read more
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For Tony Tax if possible please?As the result of a tenant
For Tony Tax if possible please? As the result of a tenant surrendering their lease they have paid a sum of £20000 in lieu of dilapidations. This took place at the end of March 2012 & subsequently are… read more
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Hi, my father has a property company that looks after several
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Tony Tax
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Hi,I was in a partnership in 06/07 & 07/08 tax years, and
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Tony Tax
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I have a capital gains tax question. 1. I bought a flat in
I have a capital gains tax question. 1. I bought a flat in 2001 and lived in it as my only residence until 2005 2. In 2005 I bought a house with my partner and let the flat (buy-to-let mortgage) 3. Th… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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Dear Sir/Madam,In 2006 I invested 12,500 into a partnership.
Dear Sir/Madam, In 2006 I invested £12,500 into a partnership. I borrowed the money in the form of an unsecured loan from a bank. I paid approximately £2k interest on a £10k loan over 5 years, and app… read more
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We started an entertainment company on 1st Oct 2010. Prior
We started an entertainment company on 1st Oct 2010. Prior to this date we have purchased equpiment such as dj equipment, vans etc. how far back can we claim against our tax?… read more
Tony Tax
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selling OUR business for 600,000 we are 4 partners we bought
selling OUR business for 600,000 we are 4 partners we bought it 25years ago 135,000 and spent 50,000 improovements HOW MUCH CAPITAL GAINS TAX I AM GOING TO PAY? DO I QUOLIFY FOR entrepreneurial busine… read more
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We bought a new house and had sold our existing house, however,
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I have an investment property that is rented (separate to my
I have an investment property that is rented (separate to my main home where I live) and I am thinking of selling it. I understand that I will incur capital gains tax on any profit. Is there any way t… 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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My partner and I have split up. We have four rental properties. House
My partner and I have split up. We have four rental properties. House A, Purchase Price £36k, Purchase Year 1998, Current Value £80K,Mortgage £31K House B, Purchase Price £81K, Purchase Year 2000, Cur… read more
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Reclaiming Tax in Previous Years from recent Losses
If someone has no income for 2005-2009, only £20k Capital Gain (with approx £2000 tax paid) in EACH of 2005/6 and 2006/7, and a self-employed loss of £5k in 2007/8 and loss of £7k in 2008/9, how can c… read more
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Bought a buy to let property for 43,000 cash,in 1996 if I was
Bought a buy to let property for£43,000 cash,in 1996 if I was to sell it now for £160,000 how much capital gains would I have to pay ?… read more
Andrew Baker(baktax)
Andrew Baker(baktax)
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I sold a buy to let property in Jan09 which I made a large
I sold a buy to let property in Jan09 which I made a large loss on off approx £35k. I have another buy to let property which I have not yet sold but this is also likely to make a small loss, probably … read more
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