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Related UK Tax Questions
Question re Property and rental income.I have a client who
Hi Tony, question re Property and rental income.I have a client who is a 40% Tax payer & has just bought a 2 bedroom flat jointly with her husband (not a client at the moment). They wish to put their … read more
Tony Tax
Tony Tax
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High School or GED
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I bought a flat in 1999 for £275000 with my wifr and another
I bought a flat in 1999 for £275000 with my wifr and another in the same building in 2001 for £75,000. I now own the whole building including the freehold. The building is on three equal floors and is… read more
bigduckontax
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Interest only mortgage on main property as expense for letting
Interest only mortgage on main property as expense for letting property I have a £115,000 "interest only" mortgage (from ~2006) on main property. It was a flexible mortgage, so returned all money in ~… read more
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Question; For investment properties on a NRL1 basis (landlord
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taxonomy12
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Hi, I recently (2011/12) acquired a 3rd property which is
Hi, I recently (2011/12) acquired a 3rd property which is now let. 1st property is my primary residence, 2nd is a let property and the 3rd is a recent acquisition for letting. 2 nd property is let and… read more
Tony Tax
Tony Tax
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i have a property business . buying , repairing , selling and
i have a property business . buying , repairing , selling and renting property. if i buy dilapidated property . make it habitable ,then rent it out , can i claim the costs involved in my return ?… read more
Sam
Sam
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My wife and I have owned a flat for over 20 years, occupied
My wife and I have owned a flat for over 20 years, occupied by an elder relative who died in 2009. As none of the existing facilities (electrical and gas installations) could pass the statutory requir… read more
Tony Tax
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Hi, Having had our endowment matured, we put down deposits
Hi, Having had our endowment matured, we put down deposits on a flat for our son who is at Uni. My wife and I have 50% interest in the flat, which is our son's main residence, but service 100% of the … read more
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Tony Tax
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My wife and I purchased a commercial property (listed Mill
My wife and I purchased a commercial property (listed Mill Complex) in Sept 08, we inherited 2 tenants who occupy part of the property and pay rent to us the rest of the property is vacant ready for d… read more
TEAP007
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hi I own a flat I purchased in 1999, I moved to a different
hi I own a flat I purchased in 1999, I moved to a different part of England for work and rented the flat out (never moved back in). Now Im looking to buy another property as my main home, should I sal… read more
Tony Tax
Tony Tax
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Dear Expert I have a tax query on expenses and allowances
Dear Expert: I have a tax query on expenses and allowances on income from uk property - basically I moved out of a property I owned and spent some time having repairs and maintenance done on it with t… read more
Anne T
Anne T
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I am buying a house with my son. 50/50 on a house of 350k.
I am buying a house with my son. 50/50 on a house of £350k. I am providing £100k cash. We wiill take out a joint mortgage for the £250k. We will get rental imcome from recnting off 2 rooms and my son … read more
Sam Pathak
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My husband and I separated in 2006 and later that year we put
My husband and I separated in 2006 and later that year we put our marital home into my sole ownership and a rental property we co owned into his name only. I still own a rental flat in my name only. H… read more
Sam
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i am considering buying a holiday let property which i will
i am considering buying a holiday let property which i will let out furnished. currently the property has been gutted ready for a refurbishment - no kitchen, bathrooms etc if I buy it now can i offset… read more
Andrew Baker(baktax)
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hello sam, i bought an old fishermans cottage in a semi derelict
hello sam, i bought an old fishermans cottage in a semi derelict state in July 2007 (I am a self employed builder) for £250k. I spent about 40k on repairs + labour. It was left empty for the first 12m… read more
Sam
Sam
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i am about to purchase a small retirement flat for my eighty
i am about to purchase a small retirement flat for my eighty year old mother using a mortgage in the most part , i wondered if i would be able to use the tax relief on mortgages as a tax break on the … read more
Tony Tax
Tony Tax
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High School or GED
16,712 satisfied customers
I own a flat in London but am looking at my options in terms
I own a flat in London but am looking at my options in terms of selling or renting out. I officially bought the property for £100k in 2004/5 this was under value at the time it was worth about £385k a… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
I recently sold a buy to let flat on which capital gains tax
I recently sold a buy to let flat on which capital gains tax is applicable. The IR will allow legal costs on purchase and sale, estate agents costs on sale, taper relief (the flat was owned for more t… read more
Tony Tax
Tony Tax
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High School or GED
16,712 satisfied customers
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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.

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