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Related UK Tax Questions
Is stamp duty payable if my wife purchases one half of the
Is stamp duty payable if my wife purchases one half of the interest in a house which is subject to divorce proceedings? The house is valued at £190,000 and is jointly owned as tenants in common by her… read more
Sam
Sam
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HiFACTS - Three brothers are executors and beneficiaries to
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
bigduckontax
bigduckontax
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Question regarding UK stamp duty. I am interested in buying
Hi Tony - question regarding UK stamp duty. I am interested in buying a house worth £1.2M and swapping it for my current house worth £600k and £600k in cash. Is there an opportunity to reduce the amou… read more
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Tony Tax
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High School or GED
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I'm about to buy my parents house and need to find out if I
I'm about to buy my parents house and need to find out if I have to pay stamp duty based on the value of the house or the amount I'm paying but nobody seems to know. I'm buying the house for 100K but … read more
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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
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we are looking to buy a house with my mum split 40% to her and 15% to the 4 siblings. Hou
we are looking to buy a house with my mum split 40% to her and 15% to the 4 siblings. House price £1m. We buy as tenants in common and our shareholdings are represented by a deed of trust. On death of… read more
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My parents gifted one third of their house to me, and one third
My parents gifted one third of their house to me, and one third to my brother approx 15 years ago. My parents owned one sixth each which, in the event of death, passed to the survivor. My parents cont… read more
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Can a brother and sister transfer property to each other for
Can a brother and sister transfer property to each other for a nil consideration or "love and affection" for nil consideration without incurring a liabilty to Stamp Duty and /or Capital Gains Tax? The… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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Hello. I am aware of a situation and am not sure what I should
Hello. I am aware of a situation and am not sure what I should do. What is the case if a person buys a house from a friend (a bank manager) without the property going on the Market and without any con… read more
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Tony Tax
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High School or GED
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I want to check if we are liable for a large cgt bill. My mum
I want to check if we are liable for a large cgt bill. My mum sold her house to my brother sister and I three years ago for 43,000 (the actual market value was 200,000). This was done to take over the… read more
taxadvisor.uk
taxadvisor.uk
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My husband and I (both are high tax payers) jointly own a buy
My husband and I (both are high tax payers) jointly own a buy to let property and currently have outstanding balance of £141000. The house is currently valued at £330000. We bought the house for 10500… read more
Tony Tax
Tony Tax
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High School or GED
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I am facing the below situation and would like to be aware
I am facing the below situation and would like to be aware of the fiscal implications. -My father is approaching retirement and following redundancies he is struggling to pay the high monthly mortgage… read more
Sam
Sam
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Higher Officer HMRC
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we live in our main home and are contemplating buying out my
we live in our main home and are contemplating buying out my 2 brothers to purchse my mothers house who has just died. If we do this and use a remortgage on our main home to purchase this second home … read more
Sam
Sam
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Higher Officer HMRC
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I need to know my position for capital gains tax. My mother
I need to know my position for capital gains tax. My mother bought a house with me that was worth £280k and she contributed £200k. This was in 2005. We have just had the house valued and it is now wor… read more
Tony Tax
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High School or GED
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My wife and I own a property (tenants in common), which we
My wife and I own a property (tenants in common), which we bought in 2002 as a student let, our son lived in one of the rooms. When he left university he remained in the house and is now married livin… read more
Sam
Sam
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Higher Officer HMRC
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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
Sam
Sam
Accountant
Higher Officer HMRC
16,044 satisfied customers
I am about to complete on a house under 250 K tomorrow. will
I am about to complete on a house under £250 K tomorrow. will i still have to pay stamp duty?… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
If I remortgage my house and use the cash to buy a buy to
If I remortgage my house and use the cash to buy a "buy to let" property, will I be able to deduct the interest from the rental income of the investment property? thanks… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
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