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Related UK Tax Questions
Question surrounding stamp duty for transfer of ownership.
Question surrounding stamp duty for transfer of ownership.In 2013 we purchased a second property under 3 names. Myself, my wife and my sister.In Jan 2021 we will remove my sister from the existing mor… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,734 satisfied customers
Sam, I hold BTL property in joint account (50% share) for
Second opinion] Hi Sam,I hold BTL property in joint account (50% share) for nearly 4 years now that is rented out in Midlands. This is the only property I own. I'm living in rented property myself in … read more
Sam
Sam
Accountant
Higher Officer HMRC
6,734 satisfied customers
Me and 2 brothers are tenants-in-common owners of a property
Hi, Me and 2 brothers are tenants-in-common owners of a property valued at 600k We remortgaged last year for 100k but not used the cash yet and is still in the bank.Now me and 1 brother want to buy ou… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,734 satisfied customers
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
Sam
Sam
Accountant
Higher Officer HMRC
6,734 satisfied customers
A non-uk resident has recently received money from the sale
A non-uk resident has recently received money from the sale of a property in Jersey that he inherited some years ago. There's no inheritance or capital gains tax in Jersey but he thinks he may have to… read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
1,369 satisfied customers
I own a buy to let property solely in my name. I am a higher
I own a buy to let property solely in my name. I am a higher tax payer. my wife does not work at the moment. can I sign a declaration of trust stating that 90% of the house is hers hence 90% of the re… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
we have a buy to let property, can we make it a limited company
we have a buy to let property, can we make it a limited company and claim relief from stamp duty. There is loan of £1.5m secured on the property. Many thanks for your assistance. regards Charles… read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
1,369 satisfied customers
if i am transferring 3 properties to myself in lieu of a capital
if i am transferring 3 properties to myself in lieu of a capital payment on winding up a company ( where i am the sole shareholder) will i pay stamp duty on these transactions? i understand that under… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,734 satisfied customers
Hi,I am separating from my wife. We have two houses, both
Hi, I am separating from my wife. We have two houses, both in Scotland and both in joint names but we intend to remove one name from the mortgage and deeds of each. The houses are of different value b… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
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
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
If a rental property is in my name can I allocate the income
If a rental property is in my name can I allocate the income to my wife who currently earns insufficeint income to pay any tax. Do I need to transfer a beneficial interest in the property to her to ac… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,734 satisfied customers
Is it possible to transfer a buy to let property from an individual
Is it possible to transfer a buy to let property from an individual into a discretionary trust without incurring large costs such as stamp duty? If so, what would be the process involved?… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,734 satisfied customers
I am a first time house buyer and buying a house from my mother.
I am a first time house buyer and buying a house from my mother. My mother has a mortgage on the house of £220k and value is £350k. She will give me the house as long as I pay off the mortgage (i.e. £… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
I propose gifting my Daughter around the sum of 170,000 (One
I propose gifting my Daughter around the sum of £170,000 (One Hundred and Seventy Thousand Pounds) to buy a property as a private residence for herself and her Daughter (my Grandaughter). It will be a… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
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
Sam
Sam
Accountant
Higher Officer HMRC
6,734 satisfied customers
I am currently selling my property to a buyer that wants to
I am currently selling my property to a buyer that wants to participate in a stamp duty avoidance scheme. What involvement would I have & do I have any risk of any personel come back from the Revenue?… read more
Julie Kingham
Julie Kingham
Director
Chartered Tax Adviser
733 satisfied customers
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
Julie Kingham
Julie Kingham
Director
Chartered Tax Adviser
733 satisfied customers
I jointly own a property with my husband and we are in the
I jointly own a property with my husband and we are in the middle of separating. If he buys me out of the property will he need to pay stamp duty on tht sum?… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,734 satisfied customers
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