Tax Questions

		Statistics	Last Post
Rent receivable - tax implications? by tom999 Started by tom999, 03-02-2008, 17:58 PM	4 responses 2,874 views 0 likes	Last Post by TaxationPete 05-02-2008, 11:52 AM
VAT on new build and Tax on rental by Dellbert Started by Dellbert, 03-02-2008, 12:47 PM	1 response 1,549 views 0 likes	Last Post by TaxationPete 04-02-2008, 16:56 PM
new CGT laws.....a taxing question by bpascua Started by bpascua, 31-01-2008, 18:12 PM	10 responses 1,928 views 0 likes	Last Post by bpascua 04-02-2008, 15:39 PM
tax on oil lease rent by cvillarreal@rgv.rr.com Started by cvillarreal@rgv.rr.com, 30-01-2008, 22:06 PM	1 response 918 views 0 likes	Last Post by jeffrey 31-01-2008, 10:43 AM
Redirect: how do you find a good accountant? by tomcat Started by tomcat, 30-01-2008, 14:18 PM	—	—
When do I fill in my tax return? by Madison Started by Madison, 29-01-2008, 15:04 PM	1 response 1,154 views 0 likes	Last Post by TaxationPete 29-01-2008, 15:21 PM
Remortgaging buy2et by gary7 Started by gary7, 26-01-2008, 11:48 AM	2 responses 1,001 views 0 likes	Last Post by jackboy 29-01-2008, 14:27 PM
best way to organised finances by tomcat Started by tomcat, 27-01-2008, 21:24 PM	1 response 1,056 views 0 likes	Last Post by TaxationPete 28-01-2008, 09:02 AM
remortgaging to buy further BTL by Steve C Started by Steve C, 28-01-2008, 00:56 AM	0 responses 809 views 0 likes	Last Post by Steve C 28-01-2008, 00:56 AM
3 Propertys - 2 owners by gullarm Started by gullarm, 24-01-2008, 21:52 PM	1 response 939 views 0 likes	Last Post by TaxationPete 25-01-2008, 09:28 AM

Reply to SDLT relief for multiple dwellings

by BIGGYBIBIG

Well after emailing and chatting to around 20 solicitors and accountants i finally found someone who specializes in these matters.

Took a lot of time and effort but instead of over £21,000+ its actually £9,250 which is a saving of £12k, phew just shows you that many solicitors have little...
- Channel: Tax Questions
13-08-2022, 18:25 PM
SDLT relief for multiple dwellings

by BIGGYBIBIG

Hello everyone,
I have had an offer accepted on a property purchase, subject to a surveyors report of £395,000 in England.

I am currently looking at surveyors but i just wanted to know where i stand in terms of stamp duty, costs etc.

I have phoned 5 different solicitors...
- Channel: Tax Questions
10-08-2022, 19:20 PM
Sunday Times Report 7 Aug 2022 ( on Welsh holiday lets.)

by Gordon999

This report was about a retired solicitor living in Cardiff , with 2 holiday lets in Solva , Pembrokeshire. His properties only let for around 18 weeks a year but Welsh Government require 26 weeks letting to qualify for business rates. The increase in council tax to treble rate compared to rate...
- Channel: Tax Questions
13-08-2022, 17:22 PM
Reply to Giving/Gifting House to Kids

by gnvqsos

Did the labouring job jeopardise his position at Royal Mail? lt is strange no contingency fund was taken on holiday.. I don't think it makes sense to purchase, and insure/maintain a camper van to save on 7 days accommodation.The typical cost including depreciation exceeds £1500 pa...
- Channel: Tax Questions
13-08-2022, 14:54 PM
Giving/Gifting House to Kids

by Tony-Edwards

Elderly parents in early 80s, one in not so good health.

Lived in the same home (no mortgage etc) for 50+ years - now worth approx £180,000 - £200,000 and they have minimal savings.

Looking ahead, if one has to go into care (or council provided home care) I understand there...
- Channel: Tax Questions
11-08-2022, 11:12 AM
Reply to Expense Categories

by theartfullodger

The old saw was that you had 3 sets of accounts....
- one for yourself
- 2nd for tax man
- 3rd for wife/husband/partner
How does your chosen software handle this?...
- Channel: Tax Questions
13-08-2022, 12:14 PM
Expense Categories

by philrosenberg

I'm just in the process of buying my first property as a Ltd company and I have gotten FreeAgent accounting software free with my bank account.

I have a list of categories to assign to my expenses, but they aren't all that relevant to residential property businesses. I wondered if others...
- Channel: Tax Questions
13-08-2022, 10:53 AM
Reply to Higher rate LTT or not?

by AddictedMonster

Thank you very much. I appreciate the information.
- Channel: Tax Questions
13-08-2022, 12:04 PM
Higher rate LTT or not?

by AddictedMonster

Hi my partner and I are looking to sell one of our rentals and our residential property and buy a larger property.

I'm confused whether we will be charged the higher rate land transaction tax due to owning a third property that we own that will not be sold as of yet. It was our previous...
- Channel: Tax Questions
13-08-2022, 11:26 AM
Reply to Expense Categories

by AndrewDod

What you record for your own purposes is up to you, but for purposes of tax return, for just one property, and rent < 80K, can just pop it all into "Other expenses" - so long as you can resurrect it when HMRC audits you.

At least that applies to individual self assessment,...
- Channel: Tax Questions
13-08-2022, 11:57 AM

Latest Topics