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I have a query about CGT after April 2020. I own 50% of a
Hello , I have a query about CGT after April 2020. I own 50% of a property for about last 20 years. I lived in it for 10 years and rented out for 10 years. You previously help me calculate the CGT if … read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
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Give me a CGT estimation based on the following and assuming
Please give me a CGT estimation based on the following and assuming sold in **MAY, 2020** (under the rules that will apply from April, 2020). Purchased the California home for 2012 for 120K USD - at t… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,176 satisfied customers
I bought a home (abroad) in March, 2012 and lived in it
I bought a home (abroad) in March, 2012 and lived in it until April, 2019. In May, 2019 I started letting it out. If I sell the home either 18 months from now or alternatively 36 months from now and a… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
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My mother-in-law (who is 78) has just sold her business
Hi, My mother-in-law (who is 78) has just sold her business to her youngest son for 2.6 million I think it was. The business is the letting of rooms in a 6 story house in south west London. The proper… read more
bigduckontax
bigduckontax
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FCCA FCMA CGMA ACG
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Question 1 I own a property in London. It has been valued
Question 1 I own a property in London. It has been valued at £1.1m and I have a mortgage on it of £140,000. It's 100% owned by me and I bought it in 2007. It cost £575,000 to buy. It cost c£100,000 to… read more
bigduckontax
bigduckontax
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We are ex-pat Brits living in Spain in rented property. We
We are ex-pat Brits living in Spain in rented property. We became Spanish tax residents in Feb 2007 so have been non UK resident for over 5 years. We own and rent out two properties in UK, one we call… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Hello. I bought a house in July 1978 for £18,850. The house
Hello. I bought a house in July 1978 for £18,850. The house was in joint names with my first wife. We spent money on improvements (say £30,000) during our time there. This was our main home until my w… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
I have a rented property which will be sold probably within
I have a rented property which will be sold probably within the next year and I am going to split the net sale proceeds with 2 relatives. They want me to transfer their third share to each of them leg… read more
Tony Tax
Tony Tax
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High School or GED
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Hi My wife and I have bought 12 buy-to-let properties over
Hi My wife and I have bought 12 buy-to-let properties over the past 2 years. We have previously sold before the market crashed. Assuming (and it is a big assumption) that prices recover and the taxati… read more
CCTax
CCTax
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I took over my fathers dental practice in Glasgow in 1970.
I took over my father's dental practice in Glasgow in 1970. I am about to retire soon and hopefully sell my business, (property, contents and goodwill) for around £200k. Am I liable for CGT? Alan W Du… read more
Tony Tax
Tony Tax
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High School or GED
16,712 satisfied customers
Hi. I have recently married (april 2010) and live in my wifes
Hi. I have recently married (april 2010) and live in my wifes house. I have my own home which i rent all of out and fill a self assessment return every year. I want to sell my house in 2-5 years from … read more
Tony Tax
Tony Tax
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High School or GED
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I have participated in a company share scheme - the buy one
I have participated in a company share scheme - the buy one get one free type - for the past 20 years and want to sell shares that are greater than 8 years old. As I have invested over many years I fi… read more
Tony Tax
Tony Tax
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High School or GED
16,712 satisfied customers
I am a recently retired doctor and I owned a quarter share
I am a recently retired doctor and I owned a quarter share of the surgery premises. I bought the share for £9,000 back in 1997. Last month I sold my share to the other partners for £187,500. Can you g… read more
Tony Tax
Tony Tax
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High School or GED
16,712 satisfied customers
We found our dream home but havent sold our house yet. Weve
We found our dream home but haven't sold our house yet. We've been advised to get a buy to let mortgage and rent out our original home for a year or two to enable us to liberate funds to buy our dream… read more
Tony Tax
Tony Tax
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High School or GED
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I have a second property which i have just sold and my question
I have a second property which i have just sold and my question relates to Capital Gains Tax. The property is jointly owned We owned the property approximately for 8 years. We lived in the property as… read more
Julie Kingham
Julie Kingham
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My girlfriend wants me to go on her mortgage and then we jointly
My girlfriend wants me to go on her mortgage and then we jointly rent out her property she's owned and lived in for 10 years - what are the CGT implications for both parties. (I also already own my ow… read more
marimonay
marimonay
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Master's Degree
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My wife and I jointly owned an investment property from August
My wife and I jointly owned an investment property from August 1999 to 14 April 2008 when the property was sold. The capital gain is £53000. The property has never been used as our principal residence… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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I bought a 2 bedroom flat in Glasgow in Feb 2004 for 80K.
I bought a 2 bedroom flat in Glasgow in Feb 2004 for £80K. It is my main residence. In Sept 2007 I co-invested (50:50) in a second property(£150K, £75 is my investment), but continue to live in my ori… read more
Tony Tax
Tony Tax
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High School or GED
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