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Started by FirstimeLandlord, 06-01-2015, 21:43 PM
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Started by bigknickers, 07-01-2015, 21:07 PM
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Started by JUtber, 07-01-2015, 20:45 PM
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Started by gcltd, 06-01-2015, 10:49 AM
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Started by BlueCross, 06-01-2015, 22:08 PM
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Started by JerzyBalowski, 02-01-2015, 11:31 AM
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Started by andyg1, 06-01-2015, 13:40 PM
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Started by cascas, 03-01-2015, 17:05 PM
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Started by flexy, 03-01-2015, 01:00 AM
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by flexy
 
Started by DDlandlord, 28-12-2014, 10:07 AM
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  • 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...
    19-05-2022, 19:44 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...
    03-03-2022, 20:00 PM
  • Reply to Capital Gains Tax dilemma
    by Gordon999
    You have owned the property for 38 years ( 1984 - 2022 ) and lived in the property for 22 Years ( 1984-2006 ) plus 16 years for letting..

    The total capital gain over 38 years is apportioned between "residence period" ( exempt for cgt ) and "letting period" ( liable...
    19-05-2022, 10:07 AM
  • Capital Gains Tax dilemma
    by Ollyn
    Hello

    I am considering whether to sell my house which has been let for some time and need to see how I can best deal with CGT.

    I lived in the property from 1984 until 2006.

    From 2006 it has been occupied by tenants, now vacant and being renovated.

    ...
    18-05-2022, 18:17 PM
  • Reply to Capital Gains Tax dilemma
    by ash72
    You should seek advice from an accountant, or a property tax for tailored advice to your specific circumstances, you may be entitled to some relief if the property at any time was your own principal residence.
    18-05-2022, 21:14 PM
  • Reply to Capital Gains Tax dilemma
    by theartfullodger
    You declare (online) and pay CGT within 60 days of sale. Depending on the numbers I would expect you to pay CGT. What records do you have of applicable costs, etc?

    What you pay will depend on what CGT rules when you sell - v unlikely to be better than today, possibly worse. Covid,...
    18-05-2022, 18:29 PM
  • Reply to Tax Allowance on Rental Income.
    by Gordon999
    The property allowance is a tax exemption of up to £1,000 a year for individuals with income from land or property.

    If you own a property jointly with others, you’re each eligible for the £1,000 allowance against your share of the gross rental income.

    If your annual gross...
    18-05-2022, 16:47 PM
  • Reply to Tax Allowance on Rental Income.
    by jpkeates
    It's £1,000 each.

    Most landlords don't use this though, because it's rare for income from a rental property to be low enough to qualify,
    18-05-2022, 09:59 AM
  • Tax Allowance on Rental Income.
    by banner257
    Can anyone help please, if a rental property is owned by two people 50 50. Would each owner be allowed to claim tax relief of £1000 each, or will the allowance of £1000 be split 50 50.
    Thanks
    18-05-2022, 08:42 AM
  • Consent to Let - do we still need to pay tax
    by VIKKI99
    Hi, For kids school - we need to let out our Own House and move to a rental property close to school.
    The rental money I receive from my tenants is exactly same as rent I pay on my property where I am a tenant.
    Question : Rental money I receive from Tenants - should it be considered as income...
    18-05-2022, 01:07 AM
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