Hi - my son will acquire 50% of a property as per my mum's will on which no stamp duty is payable. He does not own any other property so is effectively a first time buyer. If he were to buy out the other 50% which has a value of around 280k (value of property 560k), ... Continue Reading
I’m coming to the end of administering a deceased relative’s estate. I am sole executor and sole beneficiary under the Will. Having obtained Grant of Probate, I closed the deceased’s accounts at their building society in Nov’24, and transferred the total ... Continue Reading
Hi I have a tax issue will try to keep it as simple as possible I have semi retired and am recieving 1400 pounds per month from my 25 % tax free alllwance I have had a part time cleaning job for 2 years paying 110 A month Recently the company was taken ... Continue Reading
Before Probate is granted I believe any IHT due needs to be paid to HRMC first. If this is the case can it be paid from the estate,and if so are there any conditions that need to be met? When preparing for Probate is there any reference to above on appropriate ... Continue Reading
Hi all i have a question if anyone could advise me? I own my own home with my wife and have no mortgage, due to circumstances when we bought the house it was put into my wifes name with me having a 50% interest in it. We are looking to buy another house cash ... Continue Reading
Well, perhaps not 'naive' exactly, more inexperienced: I spent much of my working life abroad and have never had to file a tax return in the UK in my life (I was always PAYE when I did work here). The question is this: for the year 2024-2025 my total income will ... Continue Reading
Hello, hope you're doing great! I'm helping a client (non-resident) to file a tax returns for share options that they exercised and which relate to their UK employment. And the part that confuses me a lot is the time apportionment basis. I'll give an example. Say ... Continue Reading
I'm trying to determine if my late mother's will is set up for a trust with executors being the beneficiaries. The states the names of the people who will be both the executors & trustees of the will (which are all 3 sons). Here's the relevant wording used ... Continue Reading
