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
I have moved to Oz, and I work and am resident there, but I
I have moved to Oz, and I work and am resident there, but I am still a UK citizen. I own no property in UK or Oz. Can my parents give me the cash to buy a house (in my name) in UK? It will be a new bu… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
If I transferred a second house which I own into the names
If I transferred a second house which I own into the names of my children with the stipulation that they had to wait 7 years before selling it, where would this place them in regards ***** ***** on my… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
2 years ago we gave our daughter approx £2.5m in the hope we
2 years ago we gave our daughter approx £2.5m in the hope we would live for at least another 7 years and thus avoid IHT on it. She used those funds to set up a limited company and bought a number of p… read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
1,342 satisfied customers
My brother and his wife have money problems and failing health.
My brother and his wife have money problems and failing health. Their property is worth £320000. They have sold a 25% interest on it to an insurance company. The owe £105000 on it which they can pay. … read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
1,342 satisfied customers
Hello, The purpose of this enquiry is to determine whether
Hello, The purpose of this enquiry is to determine whether the proposal set out below will expose me to any tax liabilities, including personal taxation, stamp duty and inheritance tax. The Proposal M… read more
TEAP007
TEAP007
Tax Preparer
Fully Trained Inspector of Taxes B1
759 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
I am currently in the process of selling a house I share wit
I am currently in the process of selling a house I share with my mother's estate, she died 2 and a half years ago; but due to an error in the registration of the property in joint names it is taking a… read more
Sam
Sam
Accountant
Higher Officer HMRC
15,766 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
Mother transferred her property (main residence) to children
Mother transferred her property (main residence) to children (5) back in 1997, but remained in residence rent free until her death in November 2011. Probate value was £500,000, and property recently s… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
If my parents gift me their home and pay a market rent to continue
If my parents gift me their home and pay a market rent to continue to live in it I understand it would not be considered a gift with reservation for inheritance tax purposes. But would the 7 year rule… read more
Thomas
Thomas
Bachelor's Degree
49 satisfied customers
I purchased my parents house from them in September 2004 for
I purchased my parents house from them in September 2004 for approximately half the value of the house £40,000. I have a 2nd mortgage on my main home for this purchase. My parents continue to live in … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
my parents would like to gift their home to myself my brother
my parents would like to gift their home to myself my brother and my sister. we already own our own properties what tax would we be liable for… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
My mother-in-law wishes to transfer ownership of her house
My mother-in-law wishes to transfer ownership of her house to her four children. But she will continue to live there. There are no inheritance tax implications as all her assets fall below the thresho… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
My husband has recenly died and we have another house, besides
My husband has recenly died and we have another house, besides the one we live in. My question is - Can we transfer this second home to our son, who lives there now, (and the house is within the nil r… read more
Sam
Sam
Accountant
Higher Officer HMRC
15,766 satisfied customers
I want to transfer the deed on my house to my children and
I want to transfer the deed on my house to my children and hope to survive for seven years. I want to remain in the property and pay them rent using my furniture etc. I propose to pay them rent which … read more
Sam Pathak
Sam Pathak
Chartered Tax Adviser
Master's Degree
468 satisfied customers
my parents house is worth approx 150 000, and both parents
my parents house is worth approx £150 000, and both parents are aged and infirm. If they move to sheltered accomodation and give the house to me and my brother what are the tax and other financial imp… read more
Julie Kingham
Julie Kingham
Director
Chartered Tax Adviser
733 satisfied customers
We are looking to buy a property which our son will develop
We are looking to buy a property which our son will develop and live in, paying us a modest rent. In 2-3 years we plan to sell our own larger house, move into the smaller one and split any equity with… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 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

15,766 satisfied customers

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

bigduckontax

bigduckontax

Accountant

1,342 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