Tax Questions

		Statistics	Last Post
letting as an individual vs through a business by scs786 Started by scs786, 06-11-2013, 12:09 PM	6 responses 911 views 0 likes	Last Post by Ad1 13-11-2013, 15:34 PM
Borrowing against BTL for tax reasons makes no sense? by Kots Started by Kots, 11-11-2013, 14:01 PM	9 responses 1,317 views 0 likes	Last Post by badbobby 13-11-2013, 12:30 PM
Rent paid upfront, rental spans tax years. by theartfullodger Started by theartfullodger, 11-11-2013, 16:05 PM	2 responses 942 views 0 likes	Last Post by Gordon999 12-11-2013, 04:35 AM
Capital Gains question by barriejames Started by barriejames, 10-11-2013, 21:38 PM	3 responses 734 views 0 likes	Last Post by TaxationPete 11-11-2013, 11:26 AM
Payment of Council Tax - Empty property - Tax Deductible? by Landlady3 Started by Landlady3, 06-11-2013, 11:56 AM	5 responses 965 views 0 likes	Last Post by Gordon999 10-11-2013, 17:22 PM
Have claiming for replacement of fixtures rules changed for tax year 2013/14 onwards? by n99 Started by n99, 28-10-2013, 10:08 AM	10 responses 1,695 views 0 likes	Last Post by Gordon999 08-11-2013, 23:27 PM
Avoiding tax liability if one joint owner is a non taxpayer by craig10 Started by craig10, 07-11-2013, 15:25 PM	2 responses 641 views 0 likes	Last Post by craig10 07-11-2013, 18:28 PM
Joint owned property by jackboy Started by jackboy, 06-11-2013, 18:21 PM	3 responses 472 views 0 likes	Last Post by King_Maker 07-11-2013, 10:30 AM
Rent a Room Scheme Re the Tax Free Amount - by darcey Started by darcey, 02-11-2013, 23:37 PM	5 responses 783 views 0 likes	Last Post by jjlandlord 06-11-2013, 09:54 AM
What are the tax implications if giving away a share in an investment property? by MickyV Started by MickyV, 04-11-2013, 22:28 PM	7 responses 1,046 views 0 likes	Last Post by Gordon999 05-11-2013, 15:13 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 areynolds

We wish to make them beneficiaries so that they can receive a % of the rental income. This yields a certain amount of tax efficiency seeing as they are informal beneficiaries already and would also be beneficiaries should an owner die via the owners will. Are aware of another option other than a trust...
- Channel: Tax Questions
03-04-2020, 16:49 PM
Reply to Changing from Joint Tenants to Tenants in Common for a Declaration of Trust

by jpkeates

That's not really an answer to my question

Why do you want to do that - what benefit do you want to include / transfer and why?
Why are you so insistent on doing this via a trust - that's a solution not an aspiration?...
- Channel: Tax Questions
03-04-2020, 16:38 PM
Reply to Changing from Joint Tenants to Tenants in Common for a Declaration of Trust

by areynolds

My brother and I wish to make our partners beneficiaries of the property via a declaration of trust.
- Channel: Tax Questions
03-04-2020, 15:57 PM
Reply to Changing from Joint Tenants to Tenants in Common for a Declaration of Trust

by jpkeates

What are you trying to achieve (not what do you think you need to do to achieve it)?
- Channel: Tax Questions
03-04-2020, 14:23 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 Rent aroom property relief.

by calista

Thanks for your reply, this is what i thought, but couldn't find anything on the government page to back it up.
- Channel: Tax Questions
01-04-2020, 21:13 PM
S24 deduction of interest payment / Covid-19 Virus

by Flashback1966

I am wondering if S24 tax changes are going to come and haunt landlords.

Under the tax changes landlords can't deduct interest payments in full. Individual Landlords have been paying more tax, then is fair.

You could end up with a situation where the tenant wont or can't...
- Channel: Tax Questions
01-04-2020, 08:06 AM
Reply to S24 deduction of interest payment / Covid-19 Virus

by jpkeates

I don't think that many landlords will pay any more tax, it'll catch some, but I'd have thought for the majority of landlords it's tax neutral.
A small number of landlords will pay slightly more tax isn't much of a headline, though.

At the time as s24 has been introduced, the personal...
- Channel: Tax Questions
01-04-2020, 13:13 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

Latest Topics