Lodgers - do children count as additional lodgers?

[Getspresso]

I understand that if I take in more than 1 lodger I would be liable for capital gains tax when I sell my home.
Are children counted in the same way as adults for the purposes of the capital gains tax liability. Would a single parent and their young child count as two lodgers?
...

[ringzer]

In 2005 I bought a BTL property in London with an outstanding mortgage of ~£150,000 and a current market value of ~ £500,000. The apartment has never been lived in by me and my name alone is on the title deeds and mortgage.

I would like to add my wife to the property, either 1) title...

[Filbert]

Hi All,

First post, so please be nice!!

I own a flat which I currently rent out. I bought the flat myself in 2000 and lived in it by myself for 1 year, I then got married in 2001, and lived there for another year with my wife. So after 2 years of owning the flat, I moved...

[jnl2000]

I wonder does anyone know of any successful transfers of residential investment property from individually owned to a Ltd Co without incurring Capital Gains Tax. I have read that there is a possibility of this qualifying for section 162 TCGA relief. I have been told by my own accountants that I would...

[paulaperfect]

Hello all,

When I bought my first flat in 1992, the Freehold to the building (which contains two flats) was included in the purchase price. I sold my flat in 1999 but retained the Freehold to the whole building. Recently, I granted a long extension on one of the Leases for a premium that...

[Frankia650]

My 1st post ! wasn't sure if it fits here or in long leasehold Q's...

I'm in rather unusual situation of owning (on a single long leasehold agreement) a block of Flats which are currently all let on AST's. I would like to transfer ownership/income to my spouse for Tax reasons but would...

[helpplease1]

Im really hoping that someone can help me here...
I am 1 of 5 freeholders of a 7 flat property. 5 flats are freehold and 2 are leashold. The 5 freeholders are also directors of the freehold company that manages the property.
Recently one of the leasholders extended their lease from from...

[funnyfish]

Hi All:

The scenario:

I have lived in my house in London for 10 years and made a large capital gain.
I want to rent it out while I move to the country for 10 years to educate my children.
I will buy a house outside London and live in it for 10 years.
I will...

[StevieS]

Hi, Please make allowance for the newbie-nature of my first post but I could do with little advice following the disposal of one of my rental properties. I bought the property for £177,500 back in August 2006 and lived in until October 2010. I then rented it on and off until I completed the sale of...

[geoffg.landlordzone]

I have PoA for my father who has been in a Care home for the last 2-3 years, as he is no longer able to live independently.

WE have been trying to sell his property during that period, but for various reasons, no buyer has come forward.

1. If/when we do find a buyer, will...

[jr2981]

Hi all,

im currently in the process of selling one of my 2 rental properties, i have completed my CGT calculation and when i factor in my PRR and LR my chargeable gain ends up as £zero regardless of whether i also factor in the sales expenses (£3K) i am incurring during this disposal....

[SteveHorgan]

My wife and I jointly own the freehold of a property which is physically split into two self contained flats. We want to establish a leasehold structure so that we can re-mortgage the flats separately and sell them separately at a later date. We would either want the freehold to remain in our joint...

[da3533]

Hello everyone,

I am selling my first property (UK). I have calculated the taxable capital gains left over and need advice/confirmation as to whether my figures are correct.

Details:
I purchased the property on the 16/04/2013 for £155,000 with a residential mortgage....

[sues]

I'd like to sell my buy-to-let flat and buy either a) another buy-to-let flat or b) a holiday home to rent out.
How can I avoid paying CGT on the sale of my current property in these two cases?
Thanks in advance for your help.
S

[JMRolfe]

Hello,

I realise that I have made a fatal error in not transferring the property last year, but would like some advice before potentially making the situation worse!

Issue:
I am now a higher rate tax payer so would like the rent transferred to my wife to take...