Tax Questions

		Statistics	Last Post
Inheritance tax planning on the fly by Flashback1966 Started by Flashback1966, 19-12-2021, 00:14 AM	3 responses 89 views 0 likes	Last Post by CourseLeader 20-12-2021, 12:03 PM
Rent a room scheme and renting out full property in the same year by gray_14 Started by gray_14, 17-12-2021, 18:26 PM	2 responses 48 views 0 likes	Last Post by gray_14 20-12-2021, 08:47 AM
Buy to let mortgage arrangement fee by Tony2021 Started by Tony2021, 19-12-2021, 12:03 PM	3 responses 82 views 0 likes	Last Post by Tony2021 19-12-2021, 14:50 PM
Secondary Glazing - capital expenditure or expenses? by benefact Started by benefact, 18-12-2021, 08:48 AM	1 response 61 views 0 likes	Last Post by Gordon999 18-12-2021, 09:32 AM
Are the deposits paid for property purchases director's loans to the company? by tompparker Started by tompparker, 16-12-2021, 19:12 PM	2 responses 39 views 0 likes	Last Post by tompparker 17-12-2021, 18:05 PM
Will they raise taxes again? by JK0 Started by JK0, 27-11-2021, 20:20 PM	12 responses 212 views 0 likes	Last Post by Gordon999 16-12-2021, 15:08 PM
Strange Stamp duty issue by gerrard Started by gerrard, 13-12-2021, 11:08 AM	12 responses 151 views 0 likes	Last Post by DoricPixie 16-12-2021, 11:53 AM
Decreasing tax liability by Kate foster Started by Kate foster, 13-12-2021, 18:25 PM	4 responses 99 views 0 likes	Last Post by jpkeates 14-12-2021, 09:07 AM
Tax implications on loan by PilGrim Started by PilGrim, 06-12-2021, 21:29 PM	2 responses 75 views 0 likes	Last Post by Gordon999 09-12-2021, 11:41 AM
HPI out-pacing PRR accumulation by lllccc Started by lllccc, 04-12-2021, 14:20 PM	12 responses 116 views 0 likes	Last Post by jpkeates 06-12-2021, 17:26 PM

Advice

by jhoggard

Hi,

I currently have a property rented out in my own name with a fair bit of equity around 50% LTV this is actually a repayment mortgage which i'm looking to switchover to a interest only. When i do this i'm also taking money out of the property to put towards another which i'm looking...
- Channel: Tax Questions
20-01-2022, 14:25 PM
Reply to Advice

by theartfullodger

Depends to a great degree on tax regulations over the coming years. We only know what the rules are today, not what they'll be in future e.g. when you retire

I expect chancellors to cut back on the advantages of people owning property through companies (well, wouldn't you if you were chancellor)...
- Channel: Tax Questions
22-01-2022, 13:06 PM
Reply to Advice

by Gordon999

1. No. You have not sold the property yet

2. 19% on profit by company.

3. Seek advice from accountant.
- Channel: Tax Questions
22-01-2022, 09:36 AM
haring inherited property

by halfax

i am inheriting a property and would like to place half in my grandsons name.
as anyone done similar?...
- Channel: Tax Questions
19-01-2022, 18:12 PM
Reply to haring inherited property

by halfax

thanks for help to everyone who replied, great forum
- Channel: Tax Questions
21-01-2022, 18:55 PM
Reply to Looking for tax / financial advice for a BTL /holiday let long-held portfolio

by ifallelsefails

I watched a webinar from Landlord studio and this man Tony Gimple was featured in it. Have a look at his Linkedin profile:
https://www.linkedin.com/in/tonygimp...alSubdomain=uk
He has a website whereby he consults exactly to your situation:
https://www.bel.gb.net/
...
- Channel: Tax Questions
21-01-2022, 17:13 PM
Reply to Recovering CGT on sale of property

by ifallelsefails

Having read what Gordon999 posted, it sounds just like what you can get via Crowdcube. Most of the businesses seeking funding on Crowdcube are eligible on the EIS scheme and you get shares in these fledgling businesses. I was only interested in Crowdcube because a number of businesses that I know were...
- Channel: Tax Questions
21-01-2022, 17:05 PM
Reply to Expense claim - Name and address in the receipt

by geeksy

Thank you, appreciate your reply.
- Channel: Tax Questions
21-01-2022, 13:21 PM
Expense claim - Name and address in the receipt

by geeksy

Hi,

I need to claim an expense (£1500) for the bathroom and attic renovation work done in the property I let. I have two receipts for the same purchase, one originally issued and the second subsequently issued with additional two items.

One of these has my address on it, not...
- Channel: Tax Questions
20-01-2022, 11:39 AM
Reply to Advice

by jpkeates

1 - Yes, the company will have to buy the property and you will be selling it. So there's a CGT "event" for you and the business will pay SDLT. You need to think about structure if you're going to borrow to grow, most lenders will want one company per property and director's personal guarantees....
- Channel: Tax Questions
20-01-2022, 16:02 PM

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