Tax Questions

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Rollover ? by Roque Started by Roque, 05-09-2010, 15:24 PM	12 responses 2,705 views 0 likes	Last Post by Telometer 09-09-2010, 08:22 AM
Paying Tax on Rental Income by chamberlayne Started by chamberlayne, 07-09-2010, 23:18 PM	1 response 2,160 views 0 likes	Last Post by TaxationPete 08-09-2010, 08:26 AM
Mortgage Arrangement Fee Deductable? by Gizzard Started by Gizzard, 07-09-2010, 21:43 PM	1 response 1,527 views 0 likes	Last Post by Phlash 07-09-2010, 22:37 PM
Capital Gains Tax following enfranchisement by ardyemm Started by ardyemm, 23-06-2010, 12:47 PM	32 responses 11,647 views 0 likes	Last Post by jeffrey 07-09-2010, 10:14 AM
cap gains - house to 2 flats? by medlock Started by medlock, 06-09-2010, 11:04 AM	3 responses 752 views 0 likes	Last Post by Telometer 06-09-2010, 13:36 PM
moving back - mortgage on main home vs rental income on second property by garyne Started by garyne, 03-09-2010, 15:30 PM	3 responses 3,150 views 0 likes	Last Post by Telometer 06-09-2010, 11:48 AM
Previously let, lived in for a bit, now let again by theartfullodger Started by theartfullodger, 05-09-2010, 11:33 AM	0 responses 889 views 0 likes	Last Post by theartfullodger 05-09-2010, 11:33 AM
Wife resident abroad - CGT implications? by Robert Started by Robert, 03-09-2010, 17:51 PM	0 responses 868 views 0 likes	Last Post by Robert 03-09-2010, 17:51 PM
Rotten Floor by Snorkerz Started by Snorkerz, 14-08-2010, 22:37 PM	6 responses 1,449 views 0 likes	Last Post by adren 03-09-2010, 15:14 PM
What can I offset against Tax? by Smiler Started by Smiler, 01-09-2010, 21:10 PM	4 responses 3,577 views 0 likes	Last Post by Telometer 02-09-2010, 19:33 PM

Reply to Is it an allowable expense or capital expense

by AndrewDod

Can't see any reason this would be an insured event. Agree it is not a capital expense at all....
- Channel: Tax Questions
25-05-2022, 09:25 AM
Reply to Is it an allowable expense or capital expense

by Another Fine Mess

If you dont mind me suggesting, If your Insurance Company is rejecting your claim you could get in touch with a Chartered Loss Assessor who would argue with the Insurance Company Loss Adjuster, its worth a phone call to one.
- Channel: Tax Questions
24-05-2022, 16:30 PM
Is it an allowable expense or capital expense

by shipboard

I rent out a single property, during the winter storms the brickwork was damaged and the cheapest option to repair it was to render the Gable end and rear of the property. I tried to claim on the insurance but they maintained it was due to wear and tear, I am of course disputing this. My question is...
- Channel: Tax Questions
24-05-2022, 10:04 AM
Reply to Is it an allowable expense or capital expense

by gnvqsos

I think the insurance company were right-the render must have been distressed to suffer storm damage. You can offset cost against income.
- Channel: Tax Questions
24-05-2022, 14:36 PM
Reply to CGT query

by Gordon999

Hmrc rules allow transfers between spouses without cgt. The recipient spouse takes on the asset at the original purchase price.
- Channel: Tax Questions
24-05-2022, 11:16 AM
Reply to Is it an allowable expense or capital expense

by Gordon999

I agree with jpk : it is a maintenance expense which is claimed against rental income....
- Channel: Tax Questions
24-05-2022, 11:12 AM
Reply to Is it an allowable expense or capital expense

by jpkeates

I'd say that's a maintenance cost and would be allowed against income.
It would affect the value of the property, but only to restore it to the level that it was at prior to the damage (plus the general positive effect of any large maintenance work).
- Channel: Tax Questions
24-05-2022, 10:53 AM
CGT query

by vik238754

Hello. Since 2013 my wife and I own a property as tenants in common where the beneficial interest split is 90% her and 10% me. We are now looking to sell the property. I have a large CGT loss and using the HMRC CGT calculator I have calculated that if I change the split to 70% me and 30% my wife...
- Channel: Tax Questions
23-05-2022, 19:37 PM
Reply to CGT query

by jpkeates

What you are planning to do is routine and HMRC will accept the change as a matter of routine admin.
- Channel: Tax Questions
24-05-2022, 09:13 AM
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...
- Channel: Tax Questions
03-03-2022, 20:00 PM

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