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My girlfriend and her sister own a propert together 50/50. I
Hi, my girlfriend and her sister own a propert together 50/50. I am looking to buy her sister out for her 50% share. I am a first time buyer so how would stamp duty be applied? … read more
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HiFACTS- Three brothers are executors and beneficiaries to their Mothers Will? Probate is granted, inheritance taxes do not apply. Any tax due is paid.- After costs and minor bequests are paid, there … read more
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I would like to purchase a half share in my mothers house currently
I would like to purchase a half share in my mothers house currently worth £600,000, we would live with her and look after her as she's 81 years old so it would also be our main and only residence, she… read more
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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
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Hi,My in-laws have recently divorced and have put their
Hi, My in-laws have recently divorced and have put their house valued at £200,000, which is mortgage free, on the market. As part of the divorce settlement my mother in law was granted sole ownership … read more
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Tony, My surviving parent is the sole owner and occupier of
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I am an M.D .of a small family property company,and have recently
I am an M.D .of a small family property company,and have recently sold a commercial property.I want to use some of the funds from this to purchase a residential property partly to help my daughter mov… read more
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Hi I currently own three properties,two of which are rented
Hi I currently own three properties,two of which are rented out,all are heavily mortgaged,but at the moment showing a profit.I live with my partner,my two daughters, my partners two kids and my son wi… read more
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does the disposal of a beneficial interest in property held
does the disposal of a beneficial interest in property held in a will trust give rise to a taxable gain when the disposal is to another benefial owner and for value/… read more
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A client has been asked by the bank to capitalise their directors
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We have a limited company with share capital 100 shares at
We have a limited company with share capital 100 shares at £100 on a 50/50 basis. What is the mechanism to increase the number of shares, if for example we wanted to start some kind of employee share … read more
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My partner and I have separated and we are going to change
My partner and I have separated and we are going to change the name on the deeds of our house from our joint names to hers alone. In return,she is going to pay me a sum of money now approximating 25% … read more
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my father lives we me and my husband and he rents his bungalow
my father lives we me and my husband and he rents his bungalow out he has asked if i would like to buy the bungalow from him the value is £135000 he is gifting 50% £67500 and iam looking to fund the r… read more
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So an alternative is for me to sell my half of the house to
So an alternative is for me to sell my half of the house to her although this would incur stamp duty? Would the duty be on the whole value of the house or just the transaction amount? And which band w… read more
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This is a situation where a relationship has broken down and
This is a situation where a relationship has broken down and there is a jointly owned house (tenants in common.) Is SDLT payable on a transfer of the share in a property from one tenant in common to t… read more
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My father purchased a property in Spain in 1983. It has never
My father purchased a property in Spain in 1983. It has never been declared in the UK. It was placed in my parent's joint names. My mother has recently died leaving her half of the property split equa… read more
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my sister and i are equal beneficiaries under my mothers will
my sister and i are equal beneficiaries under my mother's will of her home. the property is worth £245,000 - £255,000. if i buy my sister's share of the property are there any tax implications ? is st… read more
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my father in law wants to give my husband and I some of his
my father in law wants to give my husband and I some of his land as a gift.He is 74 years old - how do we find out if capital gains tax is applicable or anything else such as stamp duty. We will not b… read more
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