Tax Questions

		Statistics	Last Post
Moving property into ltd Company by Twist2 Started by Twist2, 06-08-2016, 19:17 PM	2 responses 665 views 0 likes	Last Post by Gordon999 08-08-2016, 13:58 PM
Stamp duty by ash191 Started by ash191, 25-07-2016, 21:22 PM	4 responses 548 views 0 likes	Last Post by ash191 06-08-2016, 09:43 AM
Cgt by tony_w677 Started by tony_w677, 01-08-2016, 13:49 PM	4 responses 360 views 0 likes	Last Post by TaxationPete 06-08-2016, 08:47 AM
Anyone use Xero for property accounts? by CaveMan Started by CaveMan, 31-07-2016, 18:22 PM	5 responses 1,162 views 0 likes	Last Post by Gordon999 05-08-2016, 20:47 PM
SDLT and Declaration of Trust by halibop Started by halibop, 03-08-2016, 14:36 PM	15 responses 2,675 views 0 likes	Last Post by Gordon999 05-08-2016, 20:41 PM
SDLT disposing of share of property by Relentlessuk Started by Relentlessuk, 04-08-2016, 18:50 PM	1 response 341 views 0 likes	Last Post by Gordon999 04-08-2016, 20:08 PM
Tax on splitting property? by nickshaz Started by nickshaz, 04-08-2016, 15:04 PM	1 response 382 views 0 likes	Last Post by jpkeates 04-08-2016, 16:17 PM
Close Account by LandlordOfTheEast Started by LandlordOfTheEast, 01-08-2016, 07:17 AM	4 responses 389 views 0 likes	Last Post by Gordon999 02-08-2016, 20:28 PM
3% SDLT Effect on the Rental Market by Yasmine B Started by Yasmine B, 02-08-2016, 13:09 PM	1 response 465 views 0 likes	Last Post by Gordon999 02-08-2016, 20:23 PM
A capital gains tax question.... by JenniferP Started by JenniferP, 28-07-2016, 16:42 PM	3 responses 856 views 0 likes	Last Post by LondonSW 28-07-2016, 21:29 PM

Reply to Rent aroom property relief.

by Gordon999

The rent-a-room scheme (rent below £7500 ) applies to a room in your own home.

https://www.gov.uk/government/public...-a-room-scheme
- Channel: Tax Questions
06-04-2020, 19:50 PM
Rent aroom property relief.

by calista

Hi Qick Q i cant find the answer online..

Can i claim rent a room relief on a rent of 300pounds a month at my first property where I live. 3600 a year.

I rent a second property 1200 pcm, where I do not live and would not claim the rent a room relief- or rather i pay tax normally...
- Channel: Tax Questions
31-03-2020, 12:10 PM
Reply to Selling part share

by Gordon999

There is no cgt to pay.on the capital gain after sale of your own residence.

IHT charged on a deceased person's estate starts above £325K threshold, and is charged at 40% rate.

The 50% share of residence gifted 5 years ago, if counted as part of your estate above £325K,...
- Channel: Tax Questions
06-04-2020, 19:37 PM
Selling part share

by Bill31

5 years ago i gifted part of my property to my son as joint tenants. We lived in the property together. So its possibly a grob.

Now we want to go our separate ways. Could he buy my share out so he owns the whole house. And i use the money to buy elsewhere. Could this introduce a IHT or...
- Channel: Tax Questions
31-03-2020, 13:41 PM
Reply to New tax rules 20/21

by Gordon999

I would suggest that you or your MP write a letter to the HMRC and Chancellor of the Exchequer asking for the new limits on PPR and LR to start from April 2021 due to the coronavirus lockdown.....
- Channel: Tax Questions
06-04-2020, 14:18 PM
New tax rules 20/21

by larry7

Hi,

I’m well aware of the new limits to private residence relief and that Lettings relief is being abolished from 20/21. We have therefore been working towards an exchange of the property we are selling before the end of the current tax year. Everything was set for it to happen until...
- Channel: Tax Questions
29-03-2020, 08:35 AM
Reply to Changing from Joint Tenants to Tenants in Common for a Declaration of Trust

by jpkeates

Can they do that with a 99% share of their" half"?
- Channel: Tax Questions
03-04-2020, 22:11 PM
Changing from Joint Tenants to Tenants in Common for a Declaration of Trust

by areynolds

Hello all,

I hope you're keeping safe and well during these strange times.

I'm looking for some advice in relation to changing from joint tenants to tenants in common. My brother and I currently hold a property that has no mortgage on it as joint tenants. We wish to put a declaration...
- Channel: Tax Questions
03-04-2020, 10:37 AM
Reply to Changing from Joint Tenants to Tenants in Common for a Declaration of Trust

by Lawcruncher

If

(a) you and your brother both wish to give your shares in the property to your respective wives so that they each hold half of the property as tenants-in-common; and

(b) you and your brother wish to continue to be the registered proprietors at the Land Registry,
...
- Channel: Tax Questions
03-04-2020, 20:23 PM
Reply to Changing from Joint Tenants to Tenants in Common for a Declaration of Trust

by jpkeates

No, I meant an actual company (a management company usually can't charge enough to make it worthwhile for tax before it stops being a credible arrangement.)

Anyway, I understand a bit more now, but I don't think I can see how you can do what you want - but then you have a proper tax advisor....
- Channel: Tax Questions
03-04-2020, 18:26 PM

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