Tax Questions

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Tax thresholds by Quibble Started by Quibble, 11-05-2016, 11:36 AM	3 responses 315 views 0 likes	Last Post by jpkeates 11-05-2016, 15:02 PM
Own BTL only, buying a main residence SDLT status? by toys19 Started by toys19, 05-05-2016, 09:27 AM	2 responses 644 views 0 likes	Last Post by monsterp 08-05-2016, 21:19 PM
2nd Home for Daughter to live in - Tax? by psikey Started by psikey, 05-05-2016, 10:27 AM	13 responses 983 views 0 likes	Last Post by islandgirl 06-05-2016, 11:45 AM
New buy to let tax rules by landlord2b Started by landlord2b, 05-05-2016, 09:16 AM	6 responses 693 views 0 likes	Last Post by theartfullodger 05-05-2016, 18:07 PM
Are these vslid expenses for a rented out property? by Philv Started by Philv, 04-05-2016, 14:39 PM	2 responses 540 views 0 likes	Last Post by jpkeates 04-05-2016, 18:26 PM
Tips to avoid higher rate tax (40%) by CaveMan Started by CaveMan, 04-05-2016, 06:36 AM	8 responses 870 views 0 likes	Last Post by theartfullodger 04-05-2016, 16:09 PM
CGT bill but how much by deanmartin1 Started by deanmartin1, 03-05-2016, 21:33 PM	1 response 442 views 0 likes	Last Post by TaxationPete 04-05-2016, 05:07 AM
SDLT Addl 3% - Main Residence Test by monsterp Started by monsterp, 28-04-2016, 21:07 PM	8 responses 1,178 views 0 likes	Last Post by monsterp 02-05-2016, 16:35 PM
Section 9A Enquiry nightmare, also involving sale of a BTL property by suzyt Started by suzyt, 02-05-2016, 13:55 PM	9 responses 534 views 0 likes	Last Post by jpkeates 02-05-2016, 16:35 PM
Where to send form 17 and declaration of trust to by ruth7862 Started by ruth7862, 01-05-2016, 13:23 PM	1 response 1,061 views 0 likes	Last Post by Gordon999 02-05-2016, 05:50 AM

Reply to Higher rate stamp duty

by DoricPixie

You shouldn’t have to pay the higher rate as you’re selling your main residence to buy another main residence. You have a 3 year window in which to complete the sale of your current home and complete the purchase of your new home so as long as you’re within that time frame the time spent in your...
- Channel: Tax Questions
21-05-2022, 07:52 AM
Higher rate stamp duty

by jase222

Hi
we are selling our main residence and moving into a buy to let I have and in a few months looking to buy another main residence for approximately 350k .
I have now understood I will have to pay higher rate stamp duty , is there any way around it . I have used a calculator and standard...
- Channel: Tax Questions
21-05-2022, 05:52 AM
Reply to Higher rate stamp duty

by Neelix

Afaik the only way to avoid the levy is to sell the buy to let, as well as your main home
- Channel: Tax Questions
21-05-2022, 07:01 AM
Reply to Any property tax experts you can recommend please?

by jpkeates

It would require the consent of the trustees, one of whom could be you and it would have to be in line with the purpose of the trust.
If you are not acting in the interest of the beneficiaries, they could try and prevent you doing what you propose.

I am not at all sure what you're...
- Channel: Tax Questions
20-05-2022, 16:51 PM
Any property tax experts you can recommend please?

by mpppen

Hello,
We have a small BTL portolio of five properties. Some are in our personal names and the latter ones in a property company we set up a few years' ago when the tax rules changed.

I'd really like to find someone who can advise us of the best way of either bringing the personal...
- Channel: Tax Questions
03-03-2022, 20:00 PM
Reply to Any property tax experts you can recommend please?

by Trevor62

If I put the property in a trust for them, can I at a later date close the trust and take the property back?...
- Channel: Tax Questions
20-05-2022, 16:38 PM
Selling a property that i own to a limited company

by platforminc

Hi All.

If a property was bought on auction with cash and after the purchase the following issues were noticed after the purchase

Movement within the building - bulging front elevation walls
Presence of Asbestos
Dry rot issues

My question...
- Channel: Tax Questions
10-04-2022, 14:20 PM
Reply to Selling a property that i own to a limited company

by platforminc
To provide an update.
I have now got the report from the surveyor, he lists the structural issues and what he saw when he visited the property.

Few questions.

I have an existing company that has been going for 3 years or so, it has the following SIC codes
- 41202 - Construction
...
- Channel: Tax Questions
20-05-2022, 11:57 AM
Reply to Any property tax experts you can recommend please?

by jpkeates

You'd probably be advised (by a proper grown up legal person) to will it to your children, but into a trust if they're under 18.
- Channel: Tax Questions
20-05-2022, 08:44 AM
Reply to Any property tax experts you can recommend please?

by Trevor62

Thank-you for the link.

Well my issue is Tax & Assets.

Firstly, I am in the process of building a house in my side garden, when complete I will own two properties.

Will I have to pay stamp duty for the new build?

Because I am an old dad and my...
- Channel: Tax Questions
19-05-2022, 19:44 PM

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