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Related UK Tax Questions
Following the death of her mother in October 2016 my wife
Following the death of her mother in October 2016 my wife inherited a half share of her parent's house and is now the joint owner, with her father, of their home as tenants in common. At the time of p… read more
Joshua
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UK Inheritance tax question: Mother lives in a house she
UK Inheritance tax question: Mother lives in a house she owns in UK in home. There is no mortgage on the home. Executors and beneficiaries are her two daughters - which means after probate the home wi… read more
taxadvisor.uk
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I had an inheritance tax question that was answered by
I had an inheritance tax question that was answered by another accountant, presumably because you were busy and unable to respond within a certain time frame. I'd like to send the question back to you… read more
taxadvisor.uk
taxadvisor.uk
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What tax (IHT or CGT) is payable, if any, and by whom where
What tax (IHT or CGT) is payable, if any, and by whom where a house is sold at a higher price than the (original) valuation for probate (ie £375,000 rather than £350,000)?… read more
Sam
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If a property that has been inherited in Jersey is sold and
If a property that has been inherited in Jersey is sold and the profits used to buy a home in mainland uk would capital gains or inherritence tax be payable?… read more
Tony Tax
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High School or GED
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A number of shares were inherited in 2003 by two sons and a
A number of shares were inherited in 2003 by two sons and a grandson following the death of the father. Business Property Relief was obtained and no inheritance tax was paid on the shares. All of the … read more
taxadvisor.uk
taxadvisor.uk
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When dealing with Probate at what point does the tax liability,
When dealing with Probate at what point does the tax liability, on the house, change from being IHT to CGT. The executors are the sole beneficiaries; as such they can transfer title to themselves to s… read more
Tony Tax
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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
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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
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I have a flat in Gl asgow in my name. I want to add my Daughters
I have a flat in Gl asgow in my name. I want to add my Daughters name to the title. Are there any Tax/financial implications to this, and if so what is the best way to proceed?… read more
Tony Tax
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High School or GED
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I am not sure if this is a legal question or one for Inherit
I am not sure if this is a legal question or one for Inheritance tax. A property was left to my brother and I by our mother with the proviso that my father remained in it until his death. All three we… read more
Tony Tax
Tony Tax
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A wifes will provides, in the event of her dying before her
A wife's will provides, in the event of her dying before her husband, for the transfer of her share portfolio into a trust of which the children will become the beneficiaries upon the husband's death … read more
Tony Tax
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Hi My wifes Father died in 1995. At that time my wife
Hi My wife's Father died in 1995. At that time my wife and her sister were left the unmortgaged property and it was transferred into their names, albeit in trust. At the same time his surviving wife w… read more
Tony Tax
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My husband has a buy to let 1 bedroom house bought 9 years
My husband has a buy to let 1 bedroom house bought 9 years ago for £40k, present value circa £120k. We have a house under joint mortgage that we hope to sell with circa £230k profit which will allow u… read more
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My daughters have been left some money by their paternal grandmot
My daughters have been left some money by their paternal grandmother in a property which was subsequently sold. The money has been in a bank account under the name of the Trust Fund and they are told … read more
Julie Kingham
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who has to pay capital gains tax and how much if we have
who has to pay capital gains tax and how much? if we have to pay inheritance tax on a inheritated property, do we also have to pay capital gains tax… read more
Andrew Baker(baktax)
Andrew Baker(baktax)
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I bought a third of my daughters leashold flat in 2001. We
I bought a third of my daughter's leashold flat in 2001. We paid in total £127,000. I am planning to gift my third to her. The flat is now worth approx. £200,000. If I pass it to her will I have to pa… read more
Tony Tax
Tony Tax
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High School or GED
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i have two questions on capital gains / inheritance tax. first,
i have two questions on capital gains / inheritance tax. first, if i have a property which is not my main residence and i transfer it say 20% at a year to my daughter i beleve i avoid inheritance tax … read more
Sam
Sam
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