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
I have a property worth £325K. There is a virgin one account
I have a property worth £325K. There is a virgin one account on this property that is in positive territory (I have £325K of equity in the property plus some savings). I am buying a new house to becom… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I am releasing some equity via an additional mortgage to buy
I am releasing some equity via an additional mortgage to buy a buy-to-let property (as I get a much lower interest rate this way). Although the mortgage will be secured against my main residence, I wi… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I pay PAYE on my employment income. I self assess for my rental
I pay PAYE on my employment income. I self assess for my rental property. This has a mortgage and I expense the mortgage interest against the income. Were I to sell my rental property it would enable … read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
899 satisfied customers
I am buying a house with my wife. My wife is in employment,
I am buying a house with my wife. My wife is in employment, I unfortunately have just lost my job but intend to open up as a sole trader doing maintenance and electrics. We are using the equity out of… read more
TEAP007
TEAP007
Tax Preparer
Fully Trained Inspector of Taxes B1
759 satisfied customers
I have bought a property that is let out. The finance was raised
I have bought a property that is let out. The finance was raised on two other properties because I wanted to complete quickly on the new property. Can I use the interest I pay on these loans to offset… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
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
TEAP007
Tax Preparer
Fully Trained Inspector of Taxes B1
759 satisfied customers
Hi I am about to purchase an investment property (purchased
Hi I am about to purchase an investment property (purchased in joint names with my wife). In respect of income tax I am aware that you can claim interest payments against mortgages. However our positi… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
My wife (higher rate PAYE employee) and I (househusband, zero
My wife (higher rate PAYE employee) and I (househusband, zero income) want to let our house and buy another. Our bank has agreed to port our existing £92k mortgage to our new home and lend a further £… read more
berduchwal
berduchwal
Accountant
Licenciatura
669 satisfied customers
I am buying a property to let. I am securing the finance to
I am buying a property to let. I am securing the finance to purchase and improve this property against my main residence. The main part of the cash £74,000 is a new loan against our current property. … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
My wife and I bought a second home in 1999 for 145,000 of
My wife and I bought a second home in 1999 for £145,000 of which £75,000 was raised through a mortgage. We might sell it for £350,000 ( we have an offer ) but the mortgage is now approx. £125,000. Thu… read more
taxadvisor.uk
taxadvisor.uk
Chartered Certified Accountant
Chartered Certified Accountant - FCCA
7,331 satisfied customers
I am filing tax return for buy to let property, jointly owned. I
I am filing tax return for buy to let property, jointly owned. I borrowed £40k from exsisting sole residential mortgage (current home) in my name to pay as deposit towards BTL Purchase. This was addit… read more
Andrew Baker(baktax)
Andrew Baker(baktax)
Personal Tax Adviser
High School or GED
756 satisfied customers
Hi. I was wondering if somebody could help me. My wife and
Hi. I was wondering if somebody could help me. My wife and i live in a property with no mortgage (Property A) and are looking to buy a house (Property B). We will need to take out a mortgage to do thi… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
On a buy to let investment, in order to offset the mortgage
On a buy to let investment, in order to offset the mortgage payments against the rental income to reduce tax liability, does the mortgage have to be taken on the buy to let property, or can it be take… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
My wife owned a property in her sole name, this was our main
My wife owned a property in her sole name, this was our main residence. We then got an equity release to purchase our new residence and put the first property on rent. Are we allowed to off-set the in… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Three years ago we bought a second home with a new mortgage,
Three years ago we bought a second home with a new mortgage, moved into this and let out our original property, for which we set up a new buy to let mortgage to replace the previous residential mortga… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Hi Sam; a further question we martgaged our residential home
Hi Sam; a further question: we martgaged our residential home to raise money to buy a property we now let. We do not have a mortgage on our residential home other than to fund the rental: can we 'cros… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,703 satisfied customers
We are about to move homes and thinking of letting our current
We are about to move homes and thinking of letting our current home. The current home has only a very small amount of mortgage left on it but if we move without selling our current home, we will need … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Can I offset interest payments on a secured loan against my
Can I offset interest payments on a secured loan against my buytolet property on my tax return? Would I then need to prove to HMRC that this loan is used to improve my existing buy to let or ciould I … read more
Sam
Sam
Accountant
Higher Officer HMRC
6,703 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

6,703 satisfied customers

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

bigduckontax

bigduckontax

Accountant

1,322 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