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Sam, I hold BTL property in joint account (50% share) for
Second opinion] Hi Sam,I hold BTL property in joint account (50% share) for nearly 4 years now that is rented out in Midlands. This is the only property I own. I'm living in rented property myself in … read more
Sam
Sam
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Higher Officer HMRC
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My mother is planning to give the remaining half share of
Hi, My mother is planning to give the remaining half share of our commonly owned property to me. She's also considering to either charge me a nominal value for this share transfer or give it to me for… read more
Sam
Sam
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Higher Officer HMRC
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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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FCCA FCMA CGMA ACG
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we have a buy to let property, can we make it a limited company
we have a buy to let property, can we make it a limited company and claim relief from stamp duty. There is loan of £1.5m secured on the property. Many thanks for your assistance. regards Charles… read more
bigduckontax
bigduckontax
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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
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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i would like to purchase a bungalow for my parents to live
i would like to purchase a bungalow for my parents to live in, with a mortgage. My father has suffered a stroke and their current home will be impossible to live in. I want to save them the stress of … read more
Thomas
Thomas
Bachelor's Degree
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Hi, I have two properties, one where I live as my main residence,
Hi, I have two properties, one where I live as my main residence, and one which I have let out. The main residence is valued at around £2.3-£2.5 million, whereas the buy-to-let is around £2million I u… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
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2,168 satisfied customers
Sorry for being a bit verbose, but to me its complicated. I
Sorry for being a bit verbose, but to me it's complicated. I have a traditional repayment mortgage on the property in which I live, plus some other unsecured debts. Also I own out right a second prope… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
899 satisfied customers
My husband owns a flat which he bought as his own home in 2001.
My husband owns a flat which he bought as his own home in 2001. He lived there until we bought our first house together in 2006. Since then we have rented it out. The flat is in his name and so is the… read more
berduchwal
berduchwal
Accountant
Licenciatura
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My mother gave my sister and I a house just over 7 years ago
My mother gave my sister and I a house just over 7 years ago (approx value then was £280-300k). We have equal shares in the house. My sister now wants to buy my share (which I am happy to allow) as sh… read more
Thomas
Thomas
Bachelor's Degree
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Hi, I earn 80K a year. I live in the house I bought in Sep
Hi, I earn 80K a year. I live in the house I bought in Sep 2003 for 180K (current value ~250K) and I am in the process of buying a new flat with the aim of renting my current home. The flat should be … read more
TEAP007
TEAP007
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my father owns a property worth in the region of 300000 pounds.
my father owns a property worth in the region of 300000 pounds. he is purchasing a retirement property for 132000(with cash) and wishes to help me get a home of my own by allowing my partner and i to … read more
Tony Tax
Tony Tax
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High School or GED
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Hello I Have 8 BTL properties besides my own house. They
Hello I Have 8 BTL properties besides my own house. They are all now mortgaged heavily. When I sell, is the CGT worked out on the difference between the original purchase price & the selling price or … read more
CCTax
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Hello I am in the process of buying a new residential property
Hello I am in the process of buying a new residential property to live in and had a couple of tax related questions that i hoped i could get some advice on. I currently live in a flat (Property A) wit… read more
Sam
Sam
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Higher Officer HMRC
6,709 satisfied customers
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
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I own a btl as well as my house. I lived in the btl for 6 years
I own a btl as well as my house. I lived in the btl for 6 years before renting it out through an agent 22 months. If i wanted to sell the btc would i still have to pay the full CGT tax? I don't want t… read more
Sam Pathak
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Master's Degree
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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
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
My wifes mother has an investment property which she plans
My wifes mother has an investment property which she plans to pass to my wife as an inheritance. In advance of this we are looking to move into the property before this. The property is currently valu… read more
Sam
Sam
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Higher Officer HMRC
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