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Following our three offspring leaving home we purchased what
Following our three offspring leaving home we purchased what we intended to be a downsized retirement home nearly four years ago. We immediately put our family home up for sale but due to the market c… read more
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We bought an old bungalow in 2006 for 135k with the view to
We bought an old bungalow in 2006 for 135k with the view to demolishing it and replacing it with a new build, using the equity from the sale of our family home to finance the build. The planning proce… read more
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We run part of our main residence as a holiday unit, this is
We run part of our main residence as a holiday unit, this is let on a week to week basis, we are both approaching 70 years and plan to stop running our business in March 2012. If we down size will be … read more
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We are seriously considering re-locating to a different area
We are seriously considering re-locating to a different area in order to make the daily commute to work easier. Initially we were going to just sell our current property and purchase something in our … read more
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I am hoping to sell my holiday home in France. I have owned
I am hoping to sell my holiday home in France. I have owned it for 8 years so will I have to pay capital gains in France and also in england when sold. The gain is likely to be about £60,000. The prop… read more
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We have had a holday cottage for the last 10 years. 2 years
We have had a holday cottage for the last 10 years. 2 years ago I retired and we sold our main house and went to live in the holiday cottage whilst we looked for another house. We lived there for 10 m… read more
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Capital gains tax on selling family home after divorce. We
Capital gains tax on selling family home after divorce. We bought our family home jointly in 1988 for £165,000. It is currently worth approximately £390,000. In 2002 we separated amicably, my husband … read more
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My husband and I bought a house for 89 000 in September 1996.
My husband and I bought a house for £89 000 in September 1996. We lived in it until May 2000. Since then it has been rented to tenants and all taxes paid. We now estimate it to be worth £250 000 and w… read more
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My wife and I have just retruned to the Uk after living in
My wife and I have just retruned to the Uk after living in Hong Koing for 28 years. We now live in a holiday home which, is classified as a second home, which we bought in 2002 for GBP 250,000 and whi… read more
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I have two homes one of which I have had for 9 years and the
I have two homes one of which I have had for 9 years and the other for 7. I did phone the tax office several years ago to nominate one of these houses as a main residence but there was nothing in writ… read more
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Hi We have three properties and would like t sell two in
Hi We have three properties and would like t sell two in order to raise a bigger deposit to buy a new house. We wish to sell our main residence and our house that we lived in for 1 year in 2001 and ha… read more
Tony Tax
Tony Tax
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I have just sold my main home, where I have lived for 15 years
I have just sold my main home, where I have lived for 15 years and am planning to down size and move into my holiday flat, which I have owned for 5 years. It has never been rented out and throughout h… read more
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We have been living abroad since August 2006 and are currently
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I have a house and a flat where I live 50/50 of the time in
I have a house and a flat where I live 50/50 of the time in each. I would like to sell my flat which will produce a £20,000 profit. Can I change my 'principle residence' to the flat to avoid Capital G… read more
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My and I are thinking of selling our nominated main residence
My and I are thinking of selling our nominated main residence and moving to our second home which has been used for our own private use for the past 15 years. We purchased it for £80,000 and it is now… read more
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my wife are divorcing, we have two properties our residential
my wife are divorcing, we have two properties our residential home in london and our holiday home in cornwall. They are of similar value. Can we nominate each one of us as main home owner eg me london… read more
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A friend bought a terraced house in 1981. She bought the adjoining
A friend bought a terraced house in 1981. She bought the adjoining terraced house in 1982. She has never made an election to HMRC regarding principal private residence. Apart from a period of up to a … read more
Sam
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We own 2 houses outright. We live in one and are developing
We own 2 houses outright. We live in one and are developing the other. We elected our main residence when we first bought our 2nd home. We now want to live in the 2nd home and sell the main residence.… read more
Tony Tax
Tony Tax
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