Tax Questions

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Stamp Duty Exemption - Property Transfer to Company from Partnership by jaymondo Started by jaymondo, 27-11-2017, 20:00 PM	24 responses 9,038 views 0 likes	Last Post by jpkeates 04-02-2019, 09:52 AM
Are expenses incurred on a rental able to be offset in a year with no rental income? by Barbell101 Started by Barbell101, 28-01-2019, 18:39 PM	3 responses 143 views 0 likes	Last Post by Barbell101 02-02-2019, 10:24 AM
Earning over £100k changes my property rental tax bill. by ScottSteele Started by ScottSteele, 01-02-2019, 18:26 PM	3 responses 304 views 0 likes	Last Post by ScottSteele 01-02-2019, 19:15 PM
Carrying losses forward and 20% tax credit - HMRC example! by bowsden Started by bowsden, 26-01-2019, 21:59 PM	4 responses 281 views 0 likes	Last Post by bowsden 30-01-2019, 20:38 PM
Self Assessment = changing balancing payment by jackboy Started by jackboy, 29-01-2019, 16:11 PM	5 responses 125 views 0 likes	Last Post by Gordon999 30-01-2019, 14:54 PM
Unexpected Tax rebate by theartfullodger Started by theartfullodger, 30-01-2019, 09:39 AM	1 response 64 views 0 likes	Last Post by boletus 30-01-2019, 09:59 AM
Self assesment: boosting my annual income temporarily this tax year by TakashiJo Started by TakashiJo, 28-01-2019, 13:52 PM	1 response 63 views 0 likes	Last Post by jpkeates 28-01-2019, 14:25 PM
job salary taken gross or net after pension and student loan? by bowsden Started by bowsden, 17-01-2019, 12:10 PM	5 responses 88 views 0 likes	Last Post by leaseholder64 26-01-2019, 22:52 PM
First time landlord advice by Lenny1234 Started by Lenny1234, 21-01-2019, 22:33 PM	9 responses 253 views 0 likes	Last Post by Lenny1234 26-01-2019, 20:38 PM
Taking Rent in Advance and Tax Position by Claymore Started by Claymore, 23-01-2019, 10:53 AM	10 responses 103 views 0 likes	Last Post by Gordon999 25-01-2019, 16:24 PM

MTD and an End to Accidental Landlords ?

by landlord-man

Now that we know every LL will be captured by the new MTD Reporting Rules from April 2023 (at the latest) - do you think LLs with just one property will abandon the PRS in large numbers?

I'm unsure whether Letting Agents will be competent enough to take on this responsibility - and I cannot...
- Channel: Tax Questions
17-04-2021, 09:17 AM
Reply to MTD and an End to Accidental Landlords ?

by landlord-man

The answer is in the name - Making Tax Digital.

No more paper submissions...
- Channel: Tax Questions
19-04-2021, 20:41 PM
Move to LTD Company and

by Hama

Hi All,

My first post and after some advice please.

Currently have 1 buy to let property that I am planning on transferring to a new LTD Company due to higher tax rates, we will be investing further into property in the future too.

I understand that transferring...
- Channel: Tax Questions
19-04-2021, 20:36 PM
Gift Property to avoid Stamp Surchage

by wangw

Hi guys,

1st post here thought I try my luck here.

I have a fairy basic question which I thought many would have come across. I currently own 100% of my main residence (call property 1), and I live with my unmarried partner who has no property under her name. I am at 45% tax...
- Channel: Tax Questions
19-04-2021, 15:44 PM
Reply to Gift Property to avoid Stamp Surchage

by Neelix

Just watch out she doesn't leave you as soon as the transfer is complete ...................
- Channel: Tax Questions
19-04-2021, 17:59 PM
Reply to Gift Property to avoid Stamp Surchage

by wangw

I suppose the other alternative is to buy the property 2 in her name (provided she can afford the new mortgage, if not we can look at JBSP), wait till legally married and we are free to transfer the properties between us. With interest rates where it is, the actual tax savings would probably be min...
- Channel: Tax Questions
19-04-2021, 17:55 PM
Reply to Gift Property to avoid Stamp Surchage

by wangw

yeah it is a good question. as it will be a BTL so will just be the usual BTL prudent tests, hopefully just a question of can the rent cover the amount we want to borrow. I think some banks may not be willing to lend to her if she has no other main residence (i.e. HSBC has this rule).

...
- Channel: Tax Questions
19-04-2021, 17:53 PM
Reply to Gift Property to avoid Stamp Surchage

by Neelix

I suppose the obvious question is can your partner remortgage property 1 with no previous mortgage history ?...
- Channel: Tax Questions
19-04-2021, 17:19 PM
Reply to Gift Property to avoid Stamp Surchage

by AndrewDod

Yes most of what you say is right. There is a heavy tax on marriage - which you are avoiding by being unmarried.

- Resetting the market value for purposes of her CGT which you would be unable to do if married
- Avoiding SDLT on other purchases in YOUR name
- Channel: Tax Questions
19-04-2021, 16:45 PM
Tax situation on money I paid for deposit

by Thurrock1

Hi, I bought a BTL flat in 2008 and wanted to recoup the deposit I paid on this (approx £25000). It is in joint names but the deposit was paid by me only. I wanted to take back that money and wondered how to list this in the SA tax return. If anyone can advise me i would be really grateful. Th...
- Channel: Tax Questions
18-04-2021, 08:26 AM

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