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Started by dominco, 02-03-2017, 13:19 PM
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by dominco
 
Started by mojo_scotland, 07-03-2017, 23:05 PM
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Started by Gevening, 06-03-2017, 21:48 PM
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Started by Gevening, 27-02-2017, 07:17 AM
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  • Capital Gains Tax
    by LVA
    Apologies if this has been covered in this website but I've looked and cannot find...

    I bought my flat in 1997, rented it out in 2001 (ish), returned to live in it in March 2020. Its approx 27 years ownership and 7 ish years living in it.

    My accountant tells me the CGT...
    16-08-2022, 12:59 PM
  • Reply to Capital Gains Tax
    by gnvqsos
    [QUOTE=AndrewDod;n1207364]Inflation as a form of indirect taxation is basic economics, well described in about 15 million academic articles. [/QUOTE

    very basic,indeed!
    19-08-2022, 16:37 PM
  • Reply to Capital Gains Tax
    by AndrewDod
    Inflation as a form of indirect taxation is basic economics, well described in about 15 million academic articles....
    19-08-2022, 09:18 AM
  • Reply to Capital Gains Tax
    by gnvqsos
    AndrewDod,

    Inflation can be corrosive but it is not a tax ,as the government do not receive a corresponding income. The government spend money derived from either tax receipts ,trading income or by borrowing through the sale of securities/bonds. Printed money is distributed by commercial...
    18-08-2022, 18:59 PM
  • Reply to Capital Gains Tax
    by Gordon999
    The capital gains is charged at 18% or 28 % rate, and this depends on your job income, which is taxed at 20% or 40% .

    Assuming the capital gains tax rate is about 25% average , your total gain is probably around 4 x £50K = £200K ( or over. )

    If you are married...
    18-08-2022, 11:26 AM
  • Overseas
    by jase222
    Hi,
    I will be moving to Spain for between 6-9months and I will obviously be paying my taxes and I spoke to a Spainish tax accountant who said the authorities won’t be interested in anybody who stays for less than a year as long as you can prove you pay tax in your own country? I’ve never heard...
    17-08-2022, 08:05 AM
  • Reply to Overseas
    by jpkeates
    I suspect that the accountant wasn't citing the regulations, he was explaining the reality....
    18-08-2022, 11:18 AM
  • Reply to Giving/Gifting House to Kids
    by Tony-Edwards
    It wasn't meant to question HMRC - it was a response to the rude and thoughtless comments made by some....
    18-08-2022, 09:51 AM
  • Giving/Gifting House to Kids
    by Tony-Edwards
    Elderly parents in early 80s, one in not so good health.

    Lived in the same home (no mortgage etc) for 50+ years - now worth approx £180,000 - £200,000 and they have minimal savings.

    Looking ahead, if one has to go into care (or council provided home care) I understand there...
    11-08-2022, 11:12 AM
  • Reply to Giving/Gifting House to Kids
    by Tony-Edwards
    gnvqsos,

    Seriously? - the investment was to provide several annual holidays. We're talking 50 years ago, not last week.

    Unfortunately, no they didn't have a spare £1,000 lying around for unforeseen circumstances
    18-08-2022, 09:07 AM
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