Investment advice

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    #31
    The first thing you need to do is address the matter of Capital Gains Tax. You need to work out what the house was worth at the 8 year period when you moved out as whatever it has gone up in value by since you moved out you will have to pay 20% between the value then and when you sell. And when you sell dont expect your solicitor to give you financial advice about CGT as they dont do that any more.
    Go to an accountant first (I wish I had done) and when you sell I believe you have 30 days to pay the CGT si go to the accountant before you put it up for sale.

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      #32
      The CGT isn't calculated based on the value when someone moves out.
      It's based on the gain between purchase and sale (less costs) and apportioned between the periods of residence and business use.
      When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
      Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

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        #33
        You should study the rules on withdrawal of funds before you decide to invest.

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          #34
          100% in a home to live in. It may not be everyone's favoured option but I dislike being in debt and once you own it outright you can do wht you like and no one can take it away. And you will much more spare income if you're not paying rent/mortgage.

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            #35
            Casered, you have suggested the OP contacts a firm whom you seem to endorse ,unfortunately they are based in Greater Columbia so I question with respect what knowledge they might have in tax mitigation in the U.K.
            Best advice is to consult a suitably qualified Tax Accountant.

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