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Related UK Tax Questions
I bought a flat in 1999 for £275000 with my wifr and another
I bought a flat in 1999 for £275000 with my wifr and another in the same building in 2001 for £75,000. I now own the whole building including the freehold. The building is on three equal floors and is… read more
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My wife and I bought a buy to let flat in 1985 in her name.(£25k).
My wife and I bought a buy to let flat in 1985 in her name.(£25k). A few years ago she added my name to the register. I've been told that if we were to sell we would only have to pay CG on half of the… read more
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My wife and I own a second property together which with costs
My wife and I own a second property together which with costs and improvements has cost us approximately £630000. We bought the property on 27th July, 2007. There is no mortgage or loan on the propert… read more
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I have a house that has belonged to my wife and I since 1992.
I have a house that has belonged to my wife and I since 1992. We have now obtained planning permission to convert into 4 flats and will commence work the first week of January 2013. The value of the h… read more
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Dear Tax Advisor Background I am a higher rate tax payer
Dear Tax Advisor Background I am a higher rate tax payer (40%), whilst my wife works only part time and earns below the tax threshold by approximately £7000. I own a rental property which brings in £9… read more
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I currently live in a council property with my wife and I also
I currently live in a council property with my wife and I also own a flat which is currently rented out. If I sell the flat in order to buy a new property for myself and my wife will there be capital … read more
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Capital Gains Tax: I have had one rental property in the
Capital Gains Tax: I have had one rental property in the UK (jointly owned with my wife) for 10 years. My daughter currently rents it and wishes to buy it. The sale price is £165000.00 and she has a m… read more
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Hi Tony We are looking at buying a property to let. What expenditure
Hi Tony We are looking at buying a property to let. What expenditure could we claim against our tax and as we spend 6 months in the UK and 6 months is Spain what would our tax liability be?… read more
taxadvisor.uk
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I am thinking of buying a flat to be shared between my wife
I am thinking of buying a flat to be shared between my wife and two children - 50-25-25. I understand that I may give to my wife free of tax, would my children be liable to pay tax on their share of t… read more
taxadvisor.uk
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I own a second property in my sole name bought in 1996 and
hello I own a second property in my sole name bought in 1996 and moved out just under 2 years ago. I have since rented the flat out. I am thinking of transferring part of the property to my wife's nam… read more
Tony Tax
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Hi. My wife and I bought a house in June 1999 for 127,500.
Hi. My wife and I bought a house in June 1999 for £127,500. we lived there until February 2005 when we moved out, renting the house out in the process. We now have bought another property which we hav… read more
taxadvisor.uk
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Hi. My wife and I jointly own one buy to let property which
Hi. My wife and I jointly own one buy to let property which we rent out and have a mortgage on it. I am a higher rate tax payer , my wife isn't. Can we share or split the tax liability in any way ? Wo… read more
Sam
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I purchased a flat in 1978 for 7,500. I lived there until
I purchased a flat in 1978 for £7,500. I lived there until 1990. I am now intending to sell it for £350,000. How much of my gain is taxable?… read more
Sam
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My husband and I separated in 2006 and later that year we put
My husband and I separated in 2006 and later that year we put our marital home into my sole ownership and a rental property we co owned into his name only. I still own a rental flat in my name only. H… read more
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I am about to sell a buy to let flat which ive owned jointly
I am about to sell a buy to let flat which i've owned jointly with my wife for about 7 years. We brought for 70k and will sell for about 130k. We haven't used any CGT allowances previously, so can we … read more
Tony Tax
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Tax Consultant
High School or GED
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Hi, In August last year I bought a buy to let flat, and my
Hi, In August last year I bought a buy to let flat, and my wife has a 1% share in it - at the time we were given advice that this would be best for tax purposes rather than in sole name only. We inten… read more
Tony Tax
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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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I have two flats which I rent out, which I wish to pass on
I have two flats which I rent out, which I wish to pass on to my two children, but also avoid CGT. They are worth £380000 and I paid £250000 for them and I have an interest only mortgage of £250000, l… read more
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