Tax Questions

		Statistics	Last Post
Second home SDLT by Little red Started by Little red, 16-03-2017, 13:39 PM	2 responses 510 views 0 likes	Last Post by loanarranger 16-03-2017, 21:51 PM
Paying 3% SDLT surcharge on part transfer of my primary residence by JamesHopeful Started by JamesHopeful, 16-03-2017, 14:06 PM	5 responses 526 views 0 likes	Last Post by JamesHopeful 16-03-2017, 21:48 PM
HELP - DOT advice? by cj3290 Started by cj3290, 09-03-2017, 21:57 PM	11 responses 630 views 0 likes	Last Post by Little Rabbit 15-03-2017, 21:41 PM
help by kelly250782 Started by kelly250782, 09-03-2017, 22:58 PM	4 responses 312 views 0 likes	Last Post by kelly250782 14-03-2017, 21:45 PM
Selling and closing a svp limited company by Zaffiro Started by Zaffiro, 14-03-2017, 09:40 AM	1 response 521 views 0 likes	Last Post by Gordon999 14-03-2017, 21:27 PM
Is my accountant wrong by Never what it seems Started by Never what it seems, 14-03-2017, 12:49 PM	3 responses 463 views 0 likes	Last Post by Claymore 14-03-2017, 17:02 PM
Very quick SDLT question - estate agent misinformation? by Hellopaul Started by Hellopaul, 13-03-2017, 12:23 PM	4 responses 525 views 0 likes	Last Post by Hellopaul 13-03-2017, 18:15 PM
TOGC & Option ToTax by hmy7k Started by hmy7k, 10-03-2017, 09:05 AM	1 response 237 views 0 likes	Last Post by Gordon999 11-03-2017, 16:14 PM
Acting as landlord/agent for my partner who owns the property - tax by davebhoy Started by davebhoy, 07-03-2017, 10:26 AM	13 responses 616 views 0 likes	Last Post by DPT57 09-03-2017, 17:27 PM
Accountant recommended in Chelmsford area by Ricky rooms Started by Ricky rooms, 08-03-2017, 21:04 PM	1 response 256 views 0 likes	Last Post by LJP 08-03-2017, 21:36 PM

Reply to MTD and an End to Accidental Landlords ?

by landlord-man

The answer is in the name - Making Tax Digital.

No more paper submissions...
- Channel: Tax Questions
19-04-2021, 20:41 PM
MTD and an End to Accidental Landlords ?

by landlord-man

Now that we know every LL will be captured by the new MTD Reporting Rules from April 2023 (at the latest) - do you think LLs with just one property will abandon the PRS in large numbers?

I'm unsure whether Letting Agents will be competent enough to take on this responsibility - and I cannot...
- Channel: Tax Questions
17-04-2021, 09:17 AM
Move to LTD Company and

by Hama

Hi All,

My first post and after some advice please.

Currently have 1 buy to let property that I am planning on transferring to a new LTD Company due to higher tax rates, we will be investing further into property in the future too.

I understand that transferring...
- Channel: Tax Questions
19-04-2021, 20:36 PM
Reply to Gift Property to avoid Stamp Surchage

by Neelix

Just watch out she doesn't leave you as soon as the transfer is complete ...................
- Channel: Tax Questions
19-04-2021, 17:59 PM
Gift Property to avoid Stamp Surchage

by wangw

Hi guys,

1st post here thought I try my luck here.

I have a fairy basic question which I thought many would have come across. I currently own 100% of my main residence (call property 1), and I live with my unmarried partner who has no property under her name. I am at 45% tax...
- Channel: Tax Questions
19-04-2021, 15:44 PM
Reply to Gift Property to avoid Stamp Surchage

by wangw

I suppose the other alternative is to buy the property 2 in her name (provided she can afford the new mortgage, if not we can look at JBSP), wait till legally married and we are free to transfer the properties between us. With interest rates where it is, the actual tax savings would probably be min...
- Channel: Tax Questions
19-04-2021, 17:55 PM
Reply to Gift Property to avoid Stamp Surchage

by wangw

yeah it is a good question. as it will be a BTL so will just be the usual BTL prudent tests, hopefully just a question of can the rent cover the amount we want to borrow. I think some banks may not be willing to lend to her if she has no other main residence (i.e. HSBC has this rule).

...
- Channel: Tax Questions
19-04-2021, 17:53 PM
Reply to Gift Property to avoid Stamp Surchage

by Neelix

I suppose the obvious question is can your partner remortgage property 1 with no previous mortgage history ?...
- Channel: Tax Questions
19-04-2021, 17:19 PM
Reply to Gift Property to avoid Stamp Surchage

by AndrewDod

Yes most of what you say is right. There is a heavy tax on marriage - which you are avoiding by being unmarried.

- Resetting the market value for purposes of her CGT which you would be unable to do if married
- Avoiding SDLT on other purchases in YOUR name
- Channel: Tax Questions
19-04-2021, 16:45 PM
Tax situation on money I paid for deposit

by Thurrock1

Hi, I bought a BTL flat in 2008 and wanted to recoup the deposit I paid on this (approx £25000). It is in joint names but the deposit was paid by me only. I wanted to take back that money and wondered how to list this in the SA tax return. If anyone can advise me i would be really grateful. Th...
- Channel: Tax Questions
18-04-2021, 08:26 AM

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