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I have recently sold a house built specifically for making
I have recently sold a house built specifically for making profit.I have never lived in it. Prior to selling it I have purchased a second building plot with the intention of repeating the excercise. I… read more
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4 of us have inherited a plot of land originally at the bottom of our fathers house (house has now been sold and bottom plot fenced off) District valuer has valued plot at 50K (well undervalued we thi… read more
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Hello, Please can you advise me re: tax question. I have
Hello, Please can you advise me re: tax question. I have purchased a property & intend to sell it not rent it. I am aware I must complete a tax return (i do already) and I currently have no income. I … read more
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I purchased a detached property in Scotland some years ago
I purchased a detached property in Scotland some years ago along with a Steading/Barn on the same land as the original house. I'm now developing the Steading/Barn as a detached house and will have the… read more
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I am looking to develop new and renovate existing properties
I am looking to develop new and renovate existing properties in the UK. Some of these properties will then be held as investment properties with most being sold. I also wish to do the majority of prop… read more
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Hi. I bought some land in 2006 for £400,000. I now have
Hi. I bought some land in 2006 for £400,000. I now have permission to build at a cost of £350,000. End value will be @ £1,000,000. This means a £250,000 gain I do not want to move in (I can if need to… read more
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My wife and I are buying a run-down property for 93,000 that
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OK so the next question is - my client is using a wharehouse
OK so the next question is - my client is using a wharehouse strictly for business purposes. he is a sole trader. Can we treat this as a business asset for CTG purposes, if he decideds to develop it a… read more
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How does HMRC treat capital gains made on sales of overseas
How does HMRC treat capital gains made on sales of overseas assets such as shares held on the New York Stock Exchange ? Are these taxable through CGT or as Income ?Can losses made on similar overseas … read more
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I am currently self employed and searching for a legitmate
I am currently self employed and searching for a legitmate method(s) to reduce my annual taxable income. If I purchased shares in another company as a potential investment would this legitimately lowe… read more
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I am just starting a self build house project. - Do i need
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I have a builder client who is a sole trader. Most years his
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If I purchased a residential property, and then decide to at
If I purchased a residential property, and then decide to at a profit does this incur CGT or IT… read more
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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
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A property was bought in 1999 for 51000 to let as a business.
A property was bought in 1999 for £51000 to let as a business. Also have business as property developer. In order to finance buying a property to develop the rental house was sold. Is capital gains ta… read more
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I have a client who owns and lives in one property but has
I have a client who owns and lives in one property but has built another on a plot of land he owns. Is there any way to avoid capital gains tax on selling this new build house ?… read more
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hi my husband and i bought a property as a buy to let, we have
hi my husband and i bought a property as a buy to let, we have now renovated it and decided not to rent but to sell it. We bought it in my husbands name. Can we both use our 10,100 capital gains allow… read more
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I am about to sell a house that i purchased and refurbished,I
I am about to sell a house that i purchased and refurbished,I have been told by my accountant the profit is below the threshold for declaration for CGTax. Can i still claim for expenses incurred such … read more
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