Tax Questions

		Statistics	Last Post
Capital gains tax by PAUL REA Started by PAUL REA, 07-11-2016, 06:46 AM	7 responses 473 views 0 likes	Last Post by AndrewDod 07-11-2016, 13:06 PM
HMO - new consumer unit - revenue or capital expenditure by bob369 Started by bob369, 05-11-2016, 19:39 PM	4 responses 529 views 0 likes	Last Post by Gordon999 06-11-2016, 13:45 PM
HMRC Putting a bite on Landlords Tax by loanarranger Started by loanarranger, 01-11-2016, 13:54 PM	2 responses 456 views 0 likes	Last Post by loanarranger 05-11-2016, 12:27 PM
What is 'Income' by rfph1 Started by rfph1, 04-11-2016, 23:40 PM	2 responses 372 views 0 likes	Last Post by rfph1 05-11-2016, 11:54 AM
Establishing BTL Portfolio by R2.Barwell Started by R2.Barwell, 04-11-2016, 12:31 PM	4 responses 373 views 0 likes	Last Post by Gordon999 05-11-2016, 07:53 AM
Expenses by satrat Started by satrat, 28-10-2016, 23:07 PM	9 responses 651 views 0 likes	Last Post by Gordon999 05-11-2016, 05:40 AM
cgt on transfering property into ltd dompany by halfax Started by halfax, 02-11-2016, 19:22 PM	5 responses 539 views 0 likes	Last Post by halfax 04-11-2016, 09:26 AM
CGT on two properties one which made a loss by Dougglas Started by Dougglas, 28-10-2016, 14:37 PM	3 responses 379 views 0 likes	Last Post by buzzard1994 03-11-2016, 16:17 PM
Tax Audits by glutton for punishment Started by glutton for punishment, 02-11-2016, 11:33 AM	10 responses 699 views 0 likes	Last Post by JK0 03-11-2016, 00:18 AM
Allowable Expenses - Level of detail by webrits Started by webrits, 01-11-2016, 18:51 PM	15 responses 780 views 0 likes	Last Post by webrits 02-11-2016, 15:08 PM

Capital gains tax changes afoot?

by Bobthebiker

So it seem the chancellor has ordered a review of capital gains tax, payIng special attention to the reliefs and allowances To see if it’s fit for purpose, the Covid clawback starts here maybe.
- Channel: Tax Questions
14-07-2020, 21:05 PM
Reply to Capital gains tax changes afoot?

by Bobthebiker

The review concludes on October the 12th. So maybe april 2021...
- Channel: Tax Questions
15-07-2020, 17:36 PM
Changes to Landlords tax relief and landlords tax credit

by cadence248

Good afternoon all,

I've been getting to grips with the changes to landlord's tax relief over the last few years. One thing that worries me considerably is that since all rental income is now taxed, and I must pay my loan interest and repayments out of this also, that really doesn't leave...
- Channel: Tax Questions
02-07-2020, 15:11 PM
Reply to Changes to Landlords tax relief and landlords tax credit

by cadence248

Thank you very much everyone for explaining the mechanics of this to me. I really appreciate it.
- Channel: Tax Questions
15-07-2020, 11:43 AM
Reply to Capital gains tax changes afoot?

by jpkeates

It probably needs some fine tuning.

It's sensible to encourage people to invest and take risks.
But it's not really sensible to give the same break to people just for buying a house and living in it.
- Channel: Tax Questions
15-07-2020, 08:53 AM
Reply to Capital gains tax changes afoot?

by BTL investor

Inheritance tax will be the other easy target.
After all the furlough money that he’s handed out Rishi will want to ensure that the £325,000 rule and 7 year rule are still ‘fit for purpose’....
- Channel: Tax Questions
15-07-2020, 08:52 AM
Reply to Capital gains tax changes afoot?

by xingpot

If they announce changes, can anyone say when they'd be likely to take effect? E.g. immediately versus in the new tax year?
- Channel: Tax Questions
15-07-2020, 08:51 AM
Reply to Capital gains tax changes afoot?

by royw

Perhaps they're going to remove the current tax on inflation 😂 (yes, I'm joking)
- Channel: Tax Questions
15-07-2020, 08:31 AM
Reply to Capital gains tax changes afoot?

by theartfullodger

Yes, the location of the Tory magic money tree is finally known!

Those with savings, securities and property.

No doubt they'll all continue voting for Bozo
- Channel: Tax Questions
15-07-2020, 06:33 AM
Reply to CGT & Gifting

by gnvqsos

I think you can reduce liability for CGT by deducting the costs of renovations,and costs associated with purchase eg survey fees,conveyancing fees etc.It may be possible to deduct legal fees resulting from the gift made...
- Channel: Tax Questions
14-07-2020, 16:35 PM

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