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Related UK Tax Questions
Is stamp duty payable if my wife purchases one half of the
Is stamp duty payable if my wife purchases one half of the interest in a house which is subject to divorce proceedings? The house is valued at £190,000 and is jointly owned as tenants in common by her… read more
Sam
Sam
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Higher Officer HMRC
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Mother owns house with no mortgage. Two daughters are
Hello. Mother owns house with no mortgage. Two daughters are executors and beneficiaries. Value of house is 450 GBP. One of the daughters offers to pay the other daughter half the current value of the… read more
bigduckontax
bigduckontax
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FCCA FCMA CGMA ACG
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My mother is planning to give the remaining half share of
Hi, My mother is planning to give the remaining half share of our commonly owned property to me. She's also considering to either charge me a nominal value for this share transfer or give it to me for… read more
Sam
Sam
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Higher Officer HMRC
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My girlfriend and her sister own a propert together 50/50. I
Hi, my girlfriend and her sister own a propert together 50/50. I am looking to buy her sister out for her 50% share. I am a first time buyer so how would stamp duty be applied? … read more
Sam
Sam
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My Parents are separated with my Dad living in the family
My Parents are separated with my Dad living in the family home. He is disabled and on a fixed income so could not afford to buy my Mums half of the house. My Mum (with my Dads agreement) would like to… read more
Sam
Sam
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Hi,My in-laws have recently divorced and have put their
Hi, My in-laws have recently divorced and have put their house valued at £200,000, which is mortgage free, on the market. As part of the divorce settlement my mother in law was granted sole ownership … read more
Aston Lawyer
Aston Lawyer
Head of Residential Property
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we have a buy to let property, can we make it a limited company
we have a buy to let property, can we make it a limited company and claim relief from stamp duty. There is loan of £1.5m secured on the property. Many thanks for your assistance. regards Charles… read more
bigduckontax
bigduckontax
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FCCA FCMA CGMA ACG
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The house my recently deceased mother lived in was put in
The house my recently deceased mother lived in was put in the names of her 3 siblings 8 years ago when purchased. Before we attempt to sell the house, how can we minimise the amount of capital gains t… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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Tony, My surviving parent is the sole owner and occupier of
Tony, My surviving parent is the sole owner and occupier of a house with a mkt value of £2.5m . If we do not sell the house and wish to mitigate IHT exposure. What is best route? There are four siblin… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
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My wife and I seperated 5 years ago and have now decided to
My wife and I seperated 5 years ago and have now decided to have an amicable divorce. We currently have two houses in joint names, I occupy what was the former family house, resident now for 34years, … read more
Sam
Sam
Accountant
Higher Officer HMRC
16,052 satisfied customers
Hi,I am separating from my wife. We have two houses, both
Hi, I am separating from my wife. We have two houses, both in Scotland and both in joint names but we intend to remove one name from the mortgage and deeds of each. The houses are of different value b… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I am a first time house buyer and buying a house from my mother.
I am a first time house buyer and buying a house from my mother. My mother has a mortgage on the house of £220k and value is £350k. She will give me the house as long as I pay off the mortgage (i.e. £… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I spoke to a TAX consultant today at the tax office because
I spoke to a TAX consultant today at the tax office because I was not happy with your answer. I could see that it was still not right. He confirmed I pay SD on the amount paid £224,000. Any money from… read more
Sam
Sam
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Higher Officer HMRC
16,052 satisfied customers
I need to know my position for capital gains tax. My mother
I need to know my position for capital gains tax. My mother bought a house with me that was worth £280k and she contributed £200k. This was in 2005. We have just had the house valued and it is now wor… read more
Tony Tax
Tony Tax
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High School or GED
7,089 satisfied customers
So an alternative is for me to sell my half of the house to
So an alternative is for me to sell my half of the house to her although this would incur stamp duty? Would the duty be on the whole value of the house or just the transaction amount? And which band w… read more
Tony Tax
Tony Tax
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High School or GED
7,089 satisfied customers
This is a situation where a relationship has broken down and
This is a situation where a relationship has broken down and there is a jointly owned house (tenants in common.) Is SDLT payable on a transfer of the share in a property from one tenant in common to t… read more
Sam
Sam
Accountant
Higher Officer HMRC
16,052 satisfied customers
I am going to be moving back to my family house that my mother
I am going to be moving back to my family house that my mother currently owns. I am going to pay her less than the market value for the house. Do i need to pay stamp duty? Is this the right way of doi… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
My mother and father bought a house together in 1968, they
My mother and father bought a house together in 1968, they subsequently divorced in 1978, my dad remained in the property and both their names remained on the mortgage which has now been repaid and th… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
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