UK Tax

UK tax questions? Ask a UK tax advisor for answers ASAP

Connect one-on-one with {0} who will answer your question

Related UK Tax Questions
If parents sell their second home, way below the purchase price
If parents sell their second home, way below the purchase price and current evaluation (62,000 below), to a son. Is this gain for the son regarded as a gift and therefore possibly taxable. The house i… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
The family house has four acres. On inheriting it, is there
The family house has four acres. On inheriting it, is there tax to pay because of the size of the garden? If so, is this inheritance tax or CGT?… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
I purchased my parents house from them in September 2004 for
I purchased my parents house from them in September 2004 for approximately half the value of the house £40,000. I have a 2nd mortgage on my main home for this purchase. My parents continue to live in … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
My wifes parents transferred ownership of their property to
My wife's parents transferred ownership of their property to her in 1995. An agreement was created giving her parents tenancy of the property for their lives. The agreement was documented and mentions… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,709 satisfied customers
We bought our first home in 2000 and bought another home in/on
We bought our first home in 2000 and bought another home in/on Jan 2008. We moved to our new home in the Jan 2008 and started to rent out our first home in/on Feb 2008. We then sold our first home in … read more
privateclientlaw
privateclientlaw
Lawyer & Advocate
10 satisfied customers
I want to check if we are liable for a large cgt bill. My mum
I want to check if we are liable for a large cgt bill. My mum sold her house to my brother sister and I three years ago for 43,000 (the actual market value was 200,000). This was done to take over the… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,168 satisfied customers
My father has just died and have discovered that before my
My father has just died and have discovered that before my parents retired they purchased another property in Suffolk. The original house in London was kept as their main residence. This avoided capit… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
I have recently bought a second property, both in the UK. I
I have recently bought a second property, both in the UK. I am attempting to sell one but it is taking time. Renting it out has been suggested but my understanding is as soon as you make any money fro… read more
berduchwal
berduchwal
Accountant
Licenciatura
669 satisfied customers
I am passing a second home to my 2 children the home was a
I am passing a second home to my 2 children the home was a main home bought in 1976 by my parents for 9.5k passed to my brother and self in 1989 value 80kfree of tax.I bought out his share in 2004 val… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,709 satisfied customers
I bought a flat five years ago, then rented it out when I went
I bought a flat five years ago, then rented it out when I went to work abroad. I came back to the UK two years ago but did not live in the flat because (a) it was still let under the rental agreement … read more
Sam
Sam
Accountant
Higher Officer HMRC
6,709 satisfied customers
hi, i want to add my name onto the deed for the house i
hi, i want to add my name onto the deed for the house i live in with my father and mother.they own the property jointly.are they any tax implications now and when they both pass away and leave the hou… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,709 satisfied customers
My husband has a buy to let 1 bedroom house bought 9 years
My husband has a buy to let 1 bedroom house bought 9 years ago for £40k, present value circa £120k. We have a house under joint mortgage that we hope to sell with circa £230k profit which will allow u… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
hello please can you help my parents. When my nan moved to
hello please can you help my parents. When my nan moved to her bungalow 13 years ago she transfered the property into my mom and dads name (my dad is her son ). She carried on living in the bungalow f… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
My father gifted me his only house 5 years (market value 75k)
My father gifted me his only house 5 years (market value £75k) ago but continued to live in it paying me a nominal rent (£1). He has now sold it (£100k) and used the proceeds to buy a new house. There… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,709 satisfied customers
I own a house with my parents in equal share. I moved out
I own a house with my parents in equal share. I moved out in July 2002 and my parents moved into one of my rental properties in October 2008 as which point we started to rent the property in question … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
About 12 years ago I (with my husband and 2 children) moved
About 12 years ago I (with my husband and 2 children) moved into a property owned by my mother and father - we agreed verbally to pay the market value at the time of £40,000.00 by way of monthly cash … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Hello my auntie gifted a property to myself and three brothers
Hello my auntie gifted a property to myself and three brothers over 10 years ago at a value of 60k. It has now been sold for 87k before fees etc. Will there be any tax liability due? Thank you in adva… read more
Esme Green
Esme Green
Chartered Accountant
6 satisfied customers
15 years ago, my mother gifted her property to me. My main
15 years ago, my mother gifted her property to me. My main residence was next door. Upon her death (10 years ago), I decided to rent my mother's house and declared the fact to the taxman. I am now sel… read more
TEAP007
TEAP007
Tax Preparer
Fully Trained Inspector of Taxes B1
759 satisfied customers
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.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Sam

Sam

Accountant

6,709 satisfied customers

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

bigduckontax

bigduckontax

Accountant

1,335 satisfied customers

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)

Personal Tax Adviser

756 satisfied customers

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

berduchwal

berduchwal

Accountant

669 satisfied customers

Qualified accountant and bookkeeper running my own practice since 2008.

Clare

Clare

Solicitor

149 satisfied customers

25 years exeperience as a high street solcitor

Mrs-Tax

Mrs-Tax

Tax Adviser

59 satisfied customers

Law Degree, 19 years in UK Tax.

< Previous | Next >

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.

Show MoreShow Less

Ask Your Question

x