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Related UK Tax Questions
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
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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
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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
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My wife and I own a second home worth between £250k and
My wife and I own a second home worth between £250k and £275k (depending on which estate agent you believe).My Mother has one property which she lives in and has done since purchase.It is worth around… read more
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I bought a house friends and now they have the ability to
Hi Julie - I bought a house for some friends and now they have the ability to pay me for it. I currently own it with my wife. Can I a) gift the house to them and they gift me the value in cash in exch… read more
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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
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Hello, The purpose of this enquiry is to determine whether
Hello, The purpose of this enquiry is to determine whether the proposal set out below will expose me to any tax liabilities, including personal taxation, stamp duty and inheritance tax. The Proposal M… read more
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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
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My mother gave my sister and I a house just over 7 years ago
My mother gave my sister and I a house just over 7 years ago (approx value then was £280-300k). We have equal shares in the house. My sister now wants to buy my share (which I am happy to allow) as sh… read more
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My daughter and I share in a flat that is rented out. We bought
My daughter and I share in a flat that is rented out. We bought it in 2008 at £300K. It is now worth £250K. We have a mortgage on it at £150K. My daughter no longer wants interest in the flat and she … read more
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my father owns a property worth in the region of 300000 pounds.
my father owns a property worth in the region of 300000 pounds. he is purchasing a retirement property for 132000(with cash) and wishes to help me get a home of my own by allowing my partner and i to … read more
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I am about to purchase a 2nd home. My intention is to re-furbish
I am about to purchase a 2nd home. My intention is to re-furbish this and re-sell it at a profit. The house is being repossessed and a purchase is agreed at £250,000 the resale value will be about £42… read more
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My daughter has the opportunity to buy a more suitable house
My daughter has the opportunity to buy a more suitable house at a very good price from a friend of the family. However her own property is slow to sell. I would like to buy it for her until she is abl… read more
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I live in Republic of Ireland and I am buying a house for my
I live in Republic of Ireland and I am buying a house for my elderly parents to live in , in UK/Northern Ireland. The house costs £240,000 and I will have to spend further money doing it up after purc… read more
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My wifes mother has an investment property which she plans
My wifes mother has an investment property which she plans to pass to my wife as an inheritance. In advance of this we are looking to move into the property before this. The property is currently valu… read more
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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
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STAMP DUTY QUESTION I am intending to buy my parents main
STAMP DUTY QUESTION: I am intending to buy my parents main home (worth around £230k) for £116k. I will be getting a £70k mortgage from the bank and a gift of £46k from them. I am told that the Tax Off… read more
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Hello, I am intending to buy my parents house for 116k,
Hello, I am intending to buy my parents house for £116k, which will be a £70k mortgage and a £46k loan (from the parents) or possibly as a gift. The potential problem I have is that if the £46k is a l… read more
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