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Where Taxpayers and Advisers Meet
Latest from the Forum Post Your Tax Query Latest from the Forum
Additional property
on 11/02/2025 05:25, by StampDog1234

My in laws have lived in their current family for the last 20 years. They paid £200k for it. It is now up for sale for £400k+. Another house came up for same locally in a very nice area and they want to buy it as they rarely come up, they were are in a position ... Continue Reading

Tax
on 10/02/2025 20:33, by Suzoc

Hi. My mother died in Ireland last year. Her property had already been sold to pay for her care. Probate is now complete but before the solicitor in Ireland will release funds to me she has asked for me to obtain a letter from an accountant or tax adviser to show ... Continue Reading

Iheritance tax father dies years ago,mum just passed
on 10/02/2025 08:16, by wilko73

Hi folks my mother has just passed away which of course is very upsetting in itself but I'm not thrown in to worry about about probate.My father passed away in 1999 but transferred the house in 1995 as he had cancer and I suppose he was trying to protect mum.I ... Continue Reading

gift - PET rules
on 09/02/2025 23:17, by paulnotcluedup

Hello, I'd be really grateful for advice on gifts made out of capital savings - not out of income. I received a significant windfall from the sale of an asset. CGT was paid on this. I went on to gift the post-tax profit to my wife. I understood there to be ... Continue Reading

Tax on pension lump sum
on 09/02/2025 11:54, by Trefor

I recently took the full 25% tax free lump sum from my pension plus an additional sum of £17,709, an amount that took my taxable income for the year up to but not above the 40% threshold. However, the tax deducted from this was £6,347.25, a 35.8% tax rate not ... Continue Reading

Are finance costs tax deductible in this scenario?
on 08/02/2025 19:23, by doobrey

Would be grateful for informed comment on the following scenario - I own two properties (Property A and Property B) in my own name, and have an SPV Ltd Co. I remortgage Property A and transfer the proceeds to my company as a Director's Loan. The company then buys ... Continue Reading