We are having to downsize on retirement. We own 2 homes:- 1.The family home in Surrey, which we have owned & lived in for>50yrs (de facto -main residence) 2. A 2nd home on the coast, owned since 2015 We have devised a "cunning plan":- 1. Sell our main ... Continue Reading
My wife died in 2018 and at the time didn't need to apply for probate as we jointly owned our home and most of our savings were in my name and in a joint ISA. A recent decision to relocate / sell home has made me think about future inheritance for my 2 children. When ... Continue Reading
I’m selling property to my daughter. However I’d like to gift a part of it to her. What amount can I gift without CGT kicking in Continue Reading
A company retains me as a consultant at £1000 pcm. Their finances are eccentric. They miss the Feb and March 2024 payments, then pay for April, sending a note of apology saying that 'Missing payments will follow when they can manage'. On past form I think the ... Continue Reading
Hi, I’m a private landlord with 6 rental properties in my personal name. I do all the maintenance and agency things myself but would now like to move the properties into a limited company. Can this be done without paying tax? All properties are almost paid off. ... Continue Reading
Hi, my father has 2 rental properties, and he wants to gift them to me (im an only child) as I do all the maintenance, issues everything now as he isn’t able, he's in his mid 80's. Can he gift them to me without me or him paying tax? Both properties are currently ... Continue Reading
Hi, I’m looking to build a forever home for my family on a field that’s about 7 acres. I’m looking to build a large agricultural building on the land too. If I build everything at the same time can the vat on the agricultural building be claimed back like ... Continue Reading
Evening all, Our daughter is quite disabled, she is 33. When she became disabled in 2014 it was not possible for her to live in our family home, so we purchased a flat for her, and she lives there now with 24hr care. I seem to remember that we received some tax ... Continue Reading