Tax Questions

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when can I start claiming expenses against the rental income? by dannyboy79 Started by dannyboy79, 15-03-2014, 16:22 PM	5 responses 900 views 0 likes	Last Post by King_Maker 17-03-2014, 09:26 AM
tax on a BTL if in 'partner's name'? by carlosthehud Started by carlosthehud, 22-09-2012, 09:35 AM	5 responses 2,078 views 0 likes	Last Post by Fauxkingphill 16-03-2014, 07:11 AM
Tax Efficiency Question by guernica84 Started by guernica84, 07-03-2014, 19:23 PM	6 responses 926 views 0 likes	Last Post by jpkeates 14-03-2014, 09:12 AM
Changing from Sole Ownership to Joint Ownership by Claymore Started by Claymore, 12-03-2014, 13:58 PM	5 responses 1,281 views 0 likes	Last Post by King_Maker 13-03-2014, 12:28 PM
SDLT liability for auction purchase cock up?? by steven239 Started by steven239, 10-03-2014, 22:37 PM	8 responses 911 views 0 likes	Last Post by Lawcruncher 12-03-2014, 09:57 AM
Capital gains tax on inherited assets- help! by aah100 Started by aah100, 11-03-2014, 12:19 PM	5 responses 970 views 0 likes	Last Post by King_Maker 11-03-2014, 16:21 PM
BTL to Residential - allowable expenses? by Laurasplog Started by Laurasplog, 07-03-2014, 09:30 AM	3 responses 604 views 0 likes	Last Post by jpkeates 10-03-2014, 17:34 PM
Expenses on Rented property by starM26 Started by starM26, 04-03-2014, 21:44 PM	3 responses 704 views 0 likes	Last Post by jpkeates 10-03-2014, 17:19 PM
part gifting by halfax Started by halfax, 06-03-2014, 09:17 AM	7 responses 808 views 0 likes	Last Post by halfax 10-03-2014, 14:08 PM
Tax return error by Laurasplog Started by Laurasplog, 01-03-2014, 12:19 PM	11 responses 1,226 views 0 likes	Last Post by King_Maker 09-03-2014, 17:55 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
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
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 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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