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Related UK Tax Questions
Regarding Peer-to-Peer investments and UK tax return. I have
Regarding Peer-to-Peer investments and UK tax return.Hi, I have approx. 40'000£ invested in a peer-to-peer account. If I understand correctly the information in the HMRC website, depending on the amou… read more
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Gambling is not a taxable form of income. That is clearly understood
Gambling is not a taxable form of income. That is clearly understood however: 1. Is it seen by HMRC as 'income' albeit untaxable income? 2. Does it have to be DECLARED on your tax return even though i… read more
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Tony Tax
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UK question: When my son was 18 I gifted him the house we
UK question: When my son was 18 I gifted him the house we used to live in [EDIT done as legal transfer of ownership] which I ensured was free of liability (no mortgage). I set up a tenancy to provide … read more
Sam
Sam
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Higher Officer HMRC
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Hi, my mum has bought a buy to let house, which she would like
Hi, my mum has bought a buy to let house, which she would like me her daughter to live in it and paid the monthly mortgage because i am currently living in a rented house. What are the tax implication… read more
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I wish to buy a property for my 24 year old son costing about
I wish to buy a property for my 24 year old son costing about £180,000. If we put the house in his name can I assume that we will not pay stamp duty as he would be a first time buyer? Are their any sp… read more
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I have asked question re Tax on Advice Line 10/10/2011.Could
I have asked question re Tax on Advice Line 10/10/2011.Could a Tax expert pick this question up please.Thankyou… read more
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In 2009 on the recommendation of my son I lent a business aquaintance
In 2009 on the recommendation of my son I lent a business aquaintance £80k for a period of 18 months which I had received from my private pension. The agreement with the business aquaintance was he wo… read more
taxadvisor.uk
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If I lend my son some money to buy a property which he wants
If I lend my son some money to buy a property which he wants to rent out, is the interest he pays me tax allowable against the income her receives?… read more
Tony Tax
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Tax Consultant
High School or GED
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Some years ago my brother and I lent a company we owned 150,000.
Some years ago my brother and I lent a company we owned £150,000. We raised the money by raising mortgages on our homes. Since then we have received payments back from the company covering the origina… read more
Tony Tax
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I have just asked this question without registering (by mistake)
I have just asked this question without registering (by mistake) so you did not know my e-mail address. Please do not charge me twice for it ! We are buying my son & his fiance a house - it will be ou… read more
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We are looking to extend our house and we also have the money
We are looking to extend our house and we also have the money to put down as a deposit on another house while this work is being done. Then the rent for the 2nd property will cover the mortgage. The o… read more
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How will Capital gains affect my working and child tax credits I
How will Capital gains affect my working and child tax credits? I lent my brother and sister-in-law £15000 in 1992 to help them buy a house. It was in the form of a mortgage which was entered into the… read more
Tony Tax
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If I lend a friend some money, say 100,000, over a period
If I lend a friend some money, say £100,000, over a period of 20 or 25 years, and charge a modest interest rate, do I have to pay tax on the interest?… read more
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I am going to help my son buy a house and do it up , to do
I am going to help my son buy a house and do it up , to do this i am putting up £70000 is there any tax that i should be looking out for… read more
Sam
Sam
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Can money be lent from trusts to individuals or companies without
Can money be lent from trusts to individuals or companies without incurring a tax liability?… read more
Sam
Sam
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Higher Officer HMRC
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13 years ago I mortgaged my house to secure a loan to lend
13 years ago I mortgaged my house to secure a loan to lend it to my brother in law and he promised to look after this loan whatever its involved. so he repays me whatever I repay to my bank and I do n… read more
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Sam
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Over the last few years I have lent my father a considerable
Over the last few years I have lent my father a considerable ammount of money (200k) to invest in a business in SA. The business has now been sold and my father wants to repay me the loan (plus the in… read more
Sam
Sam
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Higher Officer HMRC
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lent friend 30k to buy flat 4 years ago and they want to sign
lent friend 30k to buy flat 4 years ago and they want to sign flat over to me instead of repaying capital. They have not paid interest. If sold for 70k at present value what is my capital gains liabil… read more
TEAP007
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