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Started by jt2007, 30-12-2013, 15:11 PM
36 responses
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Last Post jt2007
by jt2007
 
Started by osulle, 31-12-2013, 15:43 PM
5 responses
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Last Post King_Maker  
Started by amack5, 31-12-2013, 10:06 AM
1 response
546 views
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Last Post amack5
by amack5
 
Started by Harper's Ash, 30-12-2013, 19:31 PM
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Last Post King_Maker  
Started by AliceS, 22-12-2013, 10:29 AM
8 responses
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Last Post AliceS
by AliceS
 
Started by LLNemo, 26-12-2013, 11:56 AM
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Last Post King_Maker  
Started by Garry77, 25-12-2013, 16:24 PM
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by Garry77
 
Started by Claymore, 23-12-2013, 17:56 PM
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Started by tire, 22-12-2013, 20:24 PM
1 response
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Last Post Gordon999  
Started by yellcom, 22-12-2013, 19:02 PM
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Last Post TaxationPete  
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  • Reply to Tax Return - HELP!
    by Brian862107
    My understanding is it's probably better using the allowance. Is there anything else that can be claimed such as interest on buy-to-let mortgage payments or is this not worth it?...
    03-07-2020, 12:59 PM
  • Tax Return - HELP!
    by Brian862107
    Does anyone know of any good online tutorials/guides for filling out your self-assessment tax return? I don't know about you's but I hate filling out forms (they always ask you to tick a box to say the information you've put in is correct too!!)!

    This is my first year filling out the self-assessment...
    01-07-2020, 15:51 PM
  • Reply to Tax Return - HELP!
    by Brian862107
    I signed up for the 2018/19 tax year as I thought I had to declare this and tax it but they said as I earned less than £2500 in property income for the year I didn't need to complete the self-assessment for that year.

    After watching more videos I am now even more confused . I thought...
    03-07-2020, 12:18 PM
  • Changes to Landlords tax relief and landlords tax credit
    by cadence248
    Good afternoon all,

    I've been getting to grips with the changes to landlord's tax relief over the last few years. One thing that worries me considerably is that since all rental income is now taxed, and I must pay my loan interest and repayments out of this also, that really doesn't leave...
    02-07-2020, 15:11 PM
  • Reply to Changes to Landlords tax relief and landlords tax credit
    by Gordon999
    Previously loan interest was an allowable expense which could be deducted from the rental income.

    Now it is no longer an allowable expense so your rental surplus will be higher and you pay will have higher tax. bill.

    However you are allowed to claim 20% of the loan...
    03-07-2020, 07:43 AM
  • Reply to Stamp Duty on Freehold House subject to long leases; merge title?
    by Section20z
    1. And seller will have to pay CGT on £198,000 - I doubt he'll like that....
    03-07-2020, 06:02 AM
  • Stamp Duty on Freehold House subject to long leases; merge title?
    by carolem
    Am interested in buying freehold house which is divided into 2 flats, both let out on AST. G
    round floor flat is held under the terms of a Lease dated the 11 November 1987 granted for the term of 999 years from the 1st February 1987 and the first floor flat is held under the terms of a Lease dated the
    ...
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    Should death penalty's reintroduction be subject to public referendum?
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    02-07-2020, 10:02 AM
  • CGT after selling my main residence
    by Echoes
    Hi there
    First of all thanks in advance for your reply. I would really appreciate if you can calify some of my confusion.

    I have few queries regarding selling my main residence which would impact on how much CGT I would pay...

    1. I am buying a new house to live so...
    02-07-2020, 14:14 PM
  • Reply to CGT after selling my main residence
    by AndrewDod
    It doesn't have to be let out.

    If OP lives in house for 5 years, then finds another primary residence (declared as such, or based on the facts) and then sells original house 2 years later, CGT would be payable on 2/7ths of the gain.

    If the OP had owned and lived in the house...
    02-07-2020, 17:03 PM
  • Reply to Stamp Duty on Freehold House subject to long leases; merge title?
    by Gordon999
    Flats must remain under leasehold title or the next buyer will have difficulty finding a mortgage.

    sdlt is payable on residential property transfers for £190k property , it is 2% on the amount above £125K. i.e 2% of £65K.= £1300.

    If you already have a property registered...
    02-07-2020, 15:25 PM
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