Hi all,
I am currently buying a second property which I plan on moving into and making it my Primary Residence. The property I currently own and live in will be rented out - I plan to change my mortgage to a BTL.
At present my mother and I are "tenants in common"...
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Making my mother the landlord
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Advice on witness statement for Section 8 court application
We need to evict tenants who have been renting from us for 8 years, are over £3k in arrears and are still in the house after the S21 notice we gave them expired on 6 Sept. They are saying they thought it was the 29th but I know this isn't true. They were at the races the day they were supposed to leave...
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Marriage, transfer to joint ownership Income Tax and CGT implications
In 2010, I married my wife and moved in to her flat with her - which she has owned since autumn 1999.
We lived there until early 2012, when we purchased a new home. To expedite the sale, we retained the flat and prepared it for letting. From April 2012 we have had tenants in the flat....
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HMRC Tax - Splitting Rental Income & CGT
Approx 6 years ago, I purchased a flat under my name. A few years ago, I informed the HMRC that even though I the flat is under my sole name, my wife and I shared the rental income. Subsequently, we both since then been doing self assessment, splitting the rental income proceeds and paying the relevant...
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tax implications or efficiencies from transferring to joint title?
My girlfriend solely owns the house we have both lived in for 6 years, and she currently has a £115k mortgage on.
We are buying a new house in joint names and my girlfriend wants to keep her current house as a long term investment and rent it out (ideally for 10 years or more if the...