Tax Questions

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setting up a ltd company by pink0806 Started by pink0806, 25-06-2018, 10:05 AM	3 responses 105 views 0 likes	Last Post by Gordon999 25-06-2018, 12:10 PM
Joint Ownership by jjsmi7h Started by jjsmi7h, 24-06-2018, 21:22 PM	1 response 111 views 0 likes	Last Post by jpkeates 25-06-2018, 07:59 AM
Rental Income Split by jim_sohal Started by jim_sohal, 22-06-2018, 12:06 PM	4 responses 185 views 0 likes	Last Post by jim_sohal 24-06-2018, 18:26 PM
Redemption penalty offset by Pacific Ocean Started by Pacific Ocean, 20-06-2018, 00:56 AM	3 responses 87 views 0 likes	Last Post by Gordon999 20-06-2018, 08:13 AM
relief on mortgage interest, self assessment by matty_hunt Started by matty_hunt, 19-06-2018, 19:45 PM	3 responses 860 views 0 likes	Last Post by Gordon999 20-06-2018, 01:51 AM
Converting BTL to Holiday Cottage by Devonborn Started by Devonborn, 16-06-2018, 09:33 AM	4 responses 97 views 0 likes	Last Post by jpkeates 17-06-2018, 11:00 AM
Expenses on rental property by royboy1 Started by royboy1, 11-06-2018, 12:18 PM	9 responses 298 views 0 likes	Last Post by tatemono 14-06-2018, 09:33 AM
Self Assessment - what to include by Chocs Started by Chocs, 12-06-2018, 16:57 PM	3 responses 212 views 0 likes	Last Post by Chocs 13-06-2018, 08:06 AM
offsetting tax liabilities on different properties by MOONRIVER Started by MOONRIVER, 12-06-2018, 20:38 PM	2 responses 86 views 0 likes	Last Post by jpkeates 13-06-2018, 07:17 AM
Self assessment by mike_001 Started by mike_001, 12-06-2018, 16:44 PM	5 responses 95 views 0 likes	Last Post by pebblepebble 12-06-2018, 19:09 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...
- Channel: Tax Questions
02-07-2020, 15:11 PM
Reply to Changes to Landlords tax relief and landlords tax credit

by cadence248

Thank you very much everyone for explaining the mechanics of this to me. I really appreciate it.
- Channel: Tax Questions
15-07-2020, 11:43 AM
Reply to Capital gains tax changes afoot?

by jpkeates

It probably needs some fine tuning.

It's sensible to encourage people to invest and take risks.
But it's not really sensible to give the same break to people just for buying a house and living in it.
- Channel: Tax Questions
15-07-2020, 08:53 AM
Capital gains tax changes afoot?

by Bobthebiker

So it seem the chancellor has ordered a review of capital gains tax, payIng special attention to the reliefs and allowances To see if it’s fit for purpose, the Covid clawback starts here maybe.
- Channel: Tax Questions
14-07-2020, 21:05 PM
Reply to Capital gains tax changes afoot?

by BTL investor

Inheritance tax will be the other easy target.
After all the furlough money that he’s handed out Rishi will want to ensure that the £325,000 rule and 7 year rule are still ‘fit for purpose’....
- Channel: Tax Questions
15-07-2020, 08:52 AM
Reply to Capital gains tax changes afoot?

by xingpot

If they announce changes, can anyone say when they'd be likely to take effect? E.g. immediately versus in the new tax year?
- Channel: Tax Questions
15-07-2020, 08:51 AM
Reply to Capital gains tax changes afoot?

by royw

Perhaps they're going to remove the current tax on inflation 😂 (yes, I'm joking)
- Channel: Tax Questions
15-07-2020, 08:31 AM
Reply to Capital gains tax changes afoot?

by theartfullodger

Yes, the location of the Tory magic money tree is finally known!

Those with savings, securities and property.

No doubt they'll all continue voting for Bozo
- Channel: Tax Questions
15-07-2020, 06:33 AM
CGT & Gifting

by Kape65

If I were to gift unencumbered properties to my adult children what would be their baseline for calculating CGT? Would it be zero (the price they paid) or would it be the price I paid or would it be based on market value when gifted? Or none of the above?
- Channel: Tax Questions
13-07-2020, 15:12 PM
Reply to CGT & Gifting

by gnvqsos

I think you can reduce liability for CGT by deducting the costs of renovations,and costs associated with purchase eg survey fees,conveyancing fees etc.It may be possible to deduct legal fees resulting from the gift made...
- Channel: Tax Questions
14-07-2020, 16:35 PM

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