Tax Questions

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Tax changes from Apr '16 by rfph1 Started by rfph1, 22-12-2016, 21:25 PM	1 response 402 views 0 likes	Last Post by jpkeates 23-12-2016, 10:20 AM
Mortgage Interest Relief - Joint Property Trasnfer to Spouse by Irvine101 Started by Irvine101, 20-12-2016, 20:05 PM	4 responses 698 views 0 likes	Last Post by DPT57 22-12-2016, 22:55 PM
If I remortgage my BTL to free up some equity, can I then offset the higher interest? by bhodgkiss Started by bhodgkiss, 14-12-2016, 21:51 PM	4 responses 417 views 0 likes	Last Post by rfph1 21-12-2016, 20:46 PM
Initial furnishing cost of fully furnished HMO by PaulStafford Started by PaulStafford, 17-12-2016, 17:15 PM	9 responses 935 views 0 likes	Last Post by jpkeates 20-12-2016, 10:25 AM
Boiler tax claim? by AaronW33 Started by AaronW33, 19-12-2016, 21:38 PM	2 responses 406 views 0 likes	Last Post by Gordon999 20-12-2016, 08:22 AM
VAT registering the Freehold company by amorgan Started by amorgan, 26-10-2016, 16:31 PM	4 responses 536 views 0 likes	Last Post by KTC 19-12-2016, 21:41 PM
Didn't pay stamp duty by slee Started by slee, 18-12-2016, 16:59 PM	2 responses 545 views 0 likes	Last Post by slee 19-12-2016, 14:08 PM
Reducing tax by transferring ownership by skwas1 Started by skwas1, 30-11-2016, 21:08 PM	16 responses 971 views 0 likes	Last Post by jpkeates 15-12-2016, 10:58 AM
Capital or Revenue costs uncertainty on a newly refurbished rental by ian5708 Started by ian5708, 09-12-2016, 17:27 PM	5 responses 962 views 0 likes	Last Post by amazondean 13-12-2016, 07:41 AM
National Insurance payments by Kape65 Started by Kape65, 11-12-2016, 12:53 PM	5 responses 609 views 0 likes	Last Post by jpkeates 12-12-2016, 13:45 PM

CGT From BTL portfolio

by ChloeRadshaw

I ve decided to give up on the BTL uk market - I m getting too old for this all and frankly want to move abroad

I have had a property which was bought for 200K - It is now worth 500K.

I realise that CGT will be due on the 300k which is a lot to stomach. I know I have a...
- Channel: Tax Questions
20-09-2020, 14:41 PM
Reply to CGT From BTL portfolio

by boletus

You could re mortgage the property. Enjoy the proceeds, pay someone to manage it and pass on any remaining equity to your niece free of CGT or inheritance tax (depending on your full situation).

Depends which is more important to you, getting out of BTL entirely or saving tax.
- Channel: Tax Questions
22-09-2020, 07:31 AM
Reply to Stamp duty holiday and main residence

by Jon66

Thanks Gordon999 🙄
- Channel: Tax Questions
21-09-2020, 19:25 PM
Stamp duty holiday and main residence

by paduk

Hello,

I own two properties: one is my main residence and the other one is let. I am thinking about selling the property where I live to move somewhere more convenient in terms of commuting. I cannot figure out whether or not I would fall into the stamp duty holiday scenario as I would...
- Channel: Tax Questions
13-09-2020, 18:18 PM
Reply to CGT From BTL portfolio

by gnvqsos

It seems you are planning to leave UK having paid over £80000-Whitehall will be delighted.The good news is you take about £410000 with you
- Channel: Tax Questions
21-09-2020, 17:46 PM
Reply to Stamp duty holiday and main residence

by Gordon999

Here is the hmrc guide to sdlt for replacing a main residence and claiming back the extra 3% within 36 months :

https://www.gov.uk/stamp-duty-land-t...property-rates
- Channel: Tax Questions
21-09-2020, 11:59 AM
Allowable expenses / carrying over losses

by Chester Perry

Due to damages / issues left by ex. tenant teamed with normal wear and tear my property is empty and needs a mini refurb from top to bottom in order to be able to re let and quotations have been circa 14k all in.

Can this be claimed as expense (decorating, retiling, new flooring, new toilet...
- Channel: Tax Questions
20-09-2020, 19:12 PM
Reply to Allowable expenses / carrying over losses

by Chester Perry

Thank you for all replies and info.....much appreciated.
- Channel: Tax Questions
21-09-2020, 11:56 AM
Reply to Allowable expenses / carrying over losses

by Gordon999

Yes, you can.
- Channel: Tax Questions
21-09-2020, 11:30 AM
Reply to Allowable expenses / carrying over losses

by jpkeates

You can carry losses forward indefinitely (or until they run out).
- Channel: Tax Questions
21-09-2020, 11:30 AM

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