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Related UK Tax Questions
I am selling a property for £68000 and bought it for £41000.
HiI am selling a property for £68000 and bought it for £41000. I have rented it for 5 years. Am I entitled to the tax relief of £12300?. How much do I owe?… read more
Joshua
Joshua
Lawyer
LL.B (Hons), Prof. Dip. Law & Pract
71 satisfied customers
Flat bought in 2002. and lived in until October 2011. Purchase
Flat bought in 2002. and lived in until October 2011. Purchase price £85,000. Moved out in 2010, but unable to sell so rented it out. Flat valuation then £125,000. Flat valuation now £130,000. Q1. If … read more
bigduckontax
bigduckontax
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FCCA FCMA CGMA ACG
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I need to know if two co-joined flats, with an opening, with
I need to know if two co-joined flats, with an opening, with 1 council tax bill, but two separate leases, one flat in my mothers name, the other in my mother and fathers name, would potentially attrac… read more
Joshua
Joshua
Lawyer
LL.B (Hons), Prof. Dip. Law & Pract
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I would need a bit more information please 1) With the first
I would need a bit more information please 1) With the first property XXX XXXXXXXXXX XXXX SW12 0JH LEASEHOLD. PAUL FULTON SOLE LEASEHOLDER. Please advise A1) Approx legal costs to buy and sell. To buy… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,760 satisfied customers
My mother has recently sold her house. The house was a gift
My mother has recently sold her house. The house was a gift to my father in 1948. Ownership switched to mother in the mid 60s. CGT will be due as she let rooms upstairs for a number of years. Can she … read more
Joshua
Joshua
Lawyer
LL.B (Hons), Prof. Dip. Law & Pract
71 satisfied customers
I was renting a property in 1998 and bought it in 2000 for
I was renting a property in 1998 and bought it in 2000 for a price of £61600. I then started renting it out in 2002, and it is still currently rented out, The property was an ex council house when I b… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
My sister and I bought my parents council house for them to
My sister and I bought my parents' council house for them to live in. Both parents are dead now and we are selling the property. Will we have to pay CGT on the profit? Is there a sliding scale? Also, … read more
Sam
Sam
Accountant
Higher Officer HMRC
6,760 satisfied customers
I purchased a house in Wiltshire in 1996 and it was my main
I purchased a house in Wiltshire in 1996 and it was my main residence until 2007. I still own it, but have rented it out since I moved out in 2007. I purchased a basement flat in London in 1999, and t… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I own and rent out two small flats. I also have a lodger in
I own and rent out two small flats. I also have a lodger in my home which I also own. When calculating my total profit I have included all rental income including that from my lodger. I have made some… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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This is a UK VAT question in relation to new build property.
This is a UK VAT question in relation to new build property. We are in the process of purchasing a partly built new build property. The history of the property is that the vendor demolished the existi… read more
CDF Tax
CDF Tax
Bachelor's Degree
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I purchased my 3 bedroom house in October 2009 but after I
I purchased my 3 bedroom house in October 2009 but after I have moved in shortly in February 2010 took in 3 lodgers. In September 2010 I purchesed a second property - 1 bedroom flat which I am current… read more
CCTax
CCTax
Bachelor's Degree
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We bought a new house and had sold our existing house, however,
We bought a new house and had sold our existing house, however, although the buyers had signed the missives they withdrew at the last minute. We are now reviewing our options - our existing house alre… read more
Sam Pathak
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Chartered Tax Adviser
Master's Degree
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Hi, Have owned a house jointly with partner (not married) for
Hi, Have owned a house jointly with partner (not married) for 6 years and it has increased in value by £200000.00 We have lived in the house for all of the time,in the 3rd and 4th years we rented out … read more
Tony Tax
Tony Tax
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High School or GED
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Sarah G your view on below please Tax CGT Principal Residence
Sarah G your view on below please Tax CGT Principal Residence disposal Principal family residence purchased in September 1995. Following extensive enhancements part of the property was let offering B&… read more
Sarah G
Sarah G
Consultant tax lawyer
Master's Degree
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I bought a flat for 44,000 on 19/08/92 and lived in it until
I bought a flat for £44,000 on 19/08/92 and lived in it until I rented it out 01/08/05 to 31/12/09. Over the period I stayed in the flat I put in a new, bathroom, kitchen, windows etc. which totaled £… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,760 satisfied customers
Dear sir i am thinking of moving in to a property i already
Dear sir i am thinking of moving in to a property i already own It is in the form of a ground floor flat value 220 and basement flat value 140 I intend to use both flats for my accomodation as we need… read more
Andrew Baker(baktax)
Andrew Baker(baktax)
Personal Tax Adviser
High School or GED
756 satisfied customers
I relocated because of my job 3 1/2 years ago. I bought a
I relocated because of my job 3 1/2 years ago. I bought a house in the new area and it has taken me 2 years to sell original property. I have now sold property will I have to pay capital gains tax… read more
Andrew Baker(baktax)
Andrew Baker(baktax)
Personal Tax Adviser
High School or GED
756 satisfied customers
I have had an offer on my unoccupied house for 172500. And
I have had an offer on my unoccupied house for 172500. And want to know approximately how much capital gains tax I'll have to pay on the equity. It is a terraced 4 bedroom Victorian house in North Eas… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,760 satisfied customers
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