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
Big Duck on tax Last week you answered my question re
Big Duck on tax Last week you answered my question re incorporation relief. Now if my client introduces several commercial buildings which are rented out into a limited company and then gives shares i… read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
1,374 satisfied customers
Hello, in 1975 my parents bought a house together in England.
Hello, in 1975 my parents bought a house together in England. But they always lived in Germany, so the house was used as holiday home for them, for their children and grand children. My parents worked… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
899 satisfied customers
Tony, My surviving parent is the sole owner and occupier of
Tony, My surviving parent is the sole owner and occupier of a house with a mkt value of £2.5m . If we do not sell the house and wish to mitigate IHT exposure. What is best route? There are four siblin… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
899 satisfied customers
we are looking to buy a house with my mum split 40% to her and 15% to the 4 siblings. Hou
we are looking to buy a house with my mum split 40% to her and 15% to the 4 siblings. House price £1m. We buy as tenants in common and our shareholdings are represented by a deed of trust. On death of… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Vince, I know this is a new question. Following on from my
Vince, I know this is a new question. Following on from my previous question re: gift of property. my question is why doesnt he gift it to her and as long as he survives 7 years, he doesnt or his esta… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
899 satisfied customers
I am UK born but a resident in New Zealand. My Dad recently
I am UK born but a resident in New Zealand. My Dad recently passed away leaving a second home (which was given to him about 5 years ago and is not the family home) which was in his name, to my mother … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
My mother put her property in my name 8 years ago after I finished
My mother put her property in my name 8 years ago after I finished paying the mortgage. She died two weeks ago and the house is only worth £120,000. I understand there should be no IHT but will there … read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
899 satisfied customers
Hello wondering if you could help My parents inherited a
Hello wondering if you could help My parents inherited a property (a second home) in 1994 for £80k. In July 2010 my father died passing all his assets over to my mother. Then in February 2011 my mothe… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 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
My parents jointly owned a home until my fathers death when
My parents jointly owned a home until my fathers death when his assets passed to my mother his will. I understand that she is exempt from IHT on this half as his spouse. If she then sells the house, a… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
i have just inherited a property valued at 100,000 + other
i have just inherited a property valued at £100,000 + other assets of £10,000. The liabilities are £46,000. Estate total £64,000. Need to spend £5000-£10000 on the property in order to sell it for App… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
can my parents give me/sell me there house now and continue
can my parents give me/sell me there house now and continue to live in it,so that in the future i can sell it or rent it out and avoid any inheritance/capitol gains tax… read more
Julie Kingham
Julie Kingham
Director
Chartered Tax Adviser
733 satisfied customers
Im about to inherit my late fathers home, and sell it its worth
Im about to inherit my late fathers home, and sell it its worth £300,000 with a mortgage outstanding of £160000 am I liable for capital gains tax if so what would be based on the figures.… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
What are the Inheritance Tax implications if my family was
What are the Inheritance Tax implications if my family was to inherit circa £20,000 in cash from a family member that is not deceased i.e a pre-death cash inheritance. Also, can a minor (i.e. under th… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
family of 4 people were given bungalow in 1995 by parents now
family of 4 people were given bungalow in 1995 by parents now both deceaed are the 4 subject to capital gains tax… read more
Andrew Baker(baktax)
Andrew Baker(baktax)
Personal Tax Adviser
High School or GED
756 satisfied customers
| am the sole Executor and Beneficiary of my late mothers will.
| am the sole Executor and Beneficiary of my late mothers will. Estate will be about £120,000 after prperty is sold. My sister was not named in the Will but I feel she should benefit and I would like … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Two (adult) daughters inherit their original family home
Two (adult) daughters inherit their original 'family' home from their late parents. One owns her own home, but the other lives in rented accomodation and owns no other property. Is the one who owns no… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
HI There, My parents when planning their retirement home gifted
HI There, My parents when planning their retirement home gifted the land to my sister to enable planning to be attained approximately 12 years ago. They have subsequently built a house on the land and… 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

6,759 satisfied customers

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

bigduckontax

bigduckontax

Accountant

1,374 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