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Hi We bought a one bed flat, Flat A, in 2006 for £205k which
Hi We bought a one bed flat, Flat A, in 2006 for £205k which we live in. It is part of a period house which was converted into 2 flats in the 60's. In 2010 the second flat which is a 2 bed became avai… read more
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I have a job offer in norfolk but live in essex, If I rent
I have a job offer in norfolk but live in essex, If I rent my house out and rent a house in Norfolk to take this job,will I have to pay tax on the rent I receive from my property even though I am payi… read more
TaxVince
TaxVince
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Sorry for being a bit verbose, but to me its complicated. I
Sorry for being a bit verbose, but to me it's complicated. I have a traditional repayment mortgage on the property in which I live, plus some other unsecured debts. Also I own out right a second prope… read more
TaxVince
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I am about to re mortgage my home to raise funds for a deposit
I am about to re mortgage my home to raise funds for a deposit to buy a property to rent out. I know the intreats on this loan is tax deductible but I was looking to borrow a little bit more. If the m… read more
Tony Tax
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High School or GED
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I bought a flat which I was living in ,with my mother,father,sister,in
I bought a flat which I was living in ,with my mother,father,sister,in 1982.i moved out shortly afterwards ,I'd been living there 10 or11years by then. My sister moved out in 1990,my mother and father… read more
Sam
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Hi, I earn 80K a year. I live in the house I bought in Sep
Hi, I earn 80K a year. I live in the house I bought in Sep 2003 for 180K (current value ~250K) and I am in the process of buying a new flat with the aim of renting my current home. The flat should be … read more
TEAP007
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Hello I have a question about how to estimate what my Capital
Hello I have a question about how to estimate what my Capital Gains Tax would be if I sold my flat. I bought in jan 2007, lived in it for 2 years ( moved out feb2009)and have been renting since. if i … read more
Tony Tax
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I am trying to decide what to do with my home at the moment.
I am trying to decide what to do with my home at the moment. It is a very large maisonette and is my main residence (in fact it is the only property I own). I was recently thinking of selling it, but … read more
taxadvisor.uk
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I would be grateful for advice on how to calculate CAPITAL
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Sam
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My husband and I separated in 2006 and later that year we put
My husband and I separated in 2006 and later that year we put our marital home into my sole ownership and a rental property we co owned into his name only. I still own a rental flat in my name only. H… read more
Sam
Sam
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Higher Officer HMRC
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Does tax relief exemption on capital gains tax accumulate?
I have a flat which my sister and I wish to sell. Does tax relief exemptions on capital gains accumulate each year or is there just a single allowance say £10,000 per individual deductible from the ca… read more
Andrew Baker(baktax)
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I am a retired firemfighter, i want to rent my flat and travel,
I am a retired firemfighter, i want to rent my flat and travel, Do i need to become self employed. Or can i just pay the tax at the relevant time?… read more
Sam
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Higher Officer HMRC
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Five years ago I agreed to rent out my only UK residence under
Five years ago I agreed to rent out my only UK residence under a rent to purchase agreement at £400pcm over a five year period. The 2 x bedroom flat property has now been valued at £120,000. The inter… read more
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i am about to purchase a small retirement flat for my eighty
i am about to purchase a small retirement flat for my eighty year old mother using a mortgage in the most part , i wondered if i would be able to use the tax relief on mortgages as a tax break on the … read more
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Dear Tax Expert I am filling out a backdated tax return for
Dear Tax Expert I am filling out a backdated tax return for 07/08 and 08/09 (as agreed by HMRC). I am not sure whether to pro rata my allowable expenses for the 07/08 return. To give you some backgrou… read more
Tony Tax
Tony Tax
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High School or GED
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i am employed and pay taxes. i was living i a flat for which
i am employed and pay taxes. i was living i a flat for which i pay a mortgage,but 1 year ago i moved to a new city. now renting an unfurnished house. i did not manage to sell my previous flat yet. so … read more
Andrew Baker(baktax)
Andrew Baker(baktax)
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I recently asked a question about UK inheritance tax which
I recently asked a question about UK inheritance tax which was answered very well by Sam. I now know that I am unable to use any current legal way to avoid IHT but was wondering if I can use Equity Re… read more
Sam
Sam
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Higher Officer HMRC
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Im looking into buying a flat to rent out as an investment
I'm looking into buying a flat to rent out as an investment for my young children. Having looked at the "buy to let" mortgages availible I'm now considering raising the capital by re mortgaging my hou… read more
Mrs-Tax
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Sam

Sam

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26 HMRC expertise, PAYE, Self Assessment ,Residency, Capital Gains, CIS ask for Sam Tax

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bigduckontax

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FCCA FCMA CGMA ACIS

TEAP007

TEAP007

Tax Preparer

759 satisfied customers

Fully Trained Inspector of Taxes / District Inspector/ Team Leader/ Offshore Consultant/ 41 years

Andrew Baker(baktax)

Andrew Baker(baktax)

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35+ years experience in income tax, CGT, non-residence

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Clare

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25 years exeperience as a high street solcitor

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Mrs-Tax

Tax Adviser

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Law Degree, 19 years in UK Tax.

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Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

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