Dear Forum,
When I purchased a property back in 2007, I had an upstairs bedroom converted into a small kitchen and bathroom to create a self contained ground floor flat and a second kitchen / bathroom for the other 3 bedrooms upstairs to use.
The council had no issue with the...
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11-10-2010, 08:35 AM
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by Telometer
11-10-2010, 08:24 AM
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Started by Catch33, 08-08-2010, 12:17 PM
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by porsche123
09-10-2010, 08:48 AM
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Started by Cisnes, 02-10-2010, 16:24 PM
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by johnjw
07-10-2010, 16:51 PM
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Started by TOSHA, 05-10-2010, 21:42 PM
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by Telometer
07-10-2010, 13:29 PM
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Started by Pobinr, 05-10-2010, 13:38 PM
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by Telometer
05-10-2010, 16:47 PM
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Started by GJMSurrey, 01-10-2010, 16:20 PM
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05-10-2010, 13:55 PM
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Started by kenny000666, 02-10-2010, 10:26 AM
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04-10-2010, 16:36 PM
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Started by JDO, 03-10-2010, 15:52 PM
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by Phlash
03-10-2010, 18:19 PM
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Started by fran2010, 30-09-2010, 00:43 AM
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by TaxationPete
03-10-2010, 08:50 AM
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Latest Topics
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by SouthernDaveReading stuff like this makes me glad we have a ltd company structure.
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Channel: Tax Questions
29-06-2022, 20:39 PM -
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by Gordon999I did not recommend claiming the original 2007 cost because it may raise doubts ..........
For the 2022 expense, the property was improved to enable to buyer to qualify for a mortgage....-
Channel: Tax Questions
29-06-2022, 19:02 PM -
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by Sydatondo you have an opinion, Gordon999, as to whether,they can claim the original cost of the kitchen install against their CGT as well?...
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Channel: Tax Questions
29-06-2022, 16:19 PM -
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Hi,
Around 10 years ago, I bought my first property to live in. My dad helped me out and paid a 50% deposit to get me on the ladder. I'm listed as the owner on the summary of title land registry documents under the leaseholder/freeholder section.
After living in the property for...-
Channel: Tax Questions
28-06-2022, 21:20 PM -
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by Gordon999R-2022,
In #2 , I proposed the "company" buys the property from you and the company becomes the owner of the property. The Company has no funds and borrows the £240K ; 50% mortgage loan from Bank and 50% loan from you ( director's personal loan ). The bank loan is...-
Channel: Tax Questions
29-06-2022, 15:07 PM -
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by DoricPixieThere’d be no point in attempting it as a married couple but unmarried couples would also be in for a nasty surprise since HMRC consider getting to occupy the property in such circumstances as a benefit....
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Channel: Tax Questions
29-06-2022, 15:00 PM -
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by jpkeatesIt's very unusual for a lender to be prepared to lend on a joint basis against a property owned by only one of joint borrowers.
And the additional SDLT would be payable if the two people were married anyway.
I can't imagine there are many instances of this ever happening.-
Channel: Tax Questions
29-06-2022, 13:38 PM -
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Gordon999,
Good point on #1, I haven't calculated the capital gain, but I suspect it'll be more than £20K.
#2 sounds complicated - is this relatively straightforward to do with most lawyers?
"It's why those couples who try to circumvent the higher rate of SDLT rules...-
Channel: Tax Questions
29-06-2022, 13:20 PM -